Slovak Industrial Output Falls 2% in August

Manufacturing

Industrial production in Slovakia shrank by 2% from a year earlier in August, following a 6.5% slump in the previous month, data from the Bratislava-based Slovak Statistical Office (SÚSR) show.

Industrial output fell further for electricity, gas and steam (-30% vs -29.1% in July) and mining & quarrying (-5.5% vs -3.4%).

On the other hand, production rebounded modestly for manufacturing (2.9% vs -2.9%), mainly boosted by the manufacture of transport equipment (20.5% vs 1%); pharmaceuticals, medicinal chemical and botanical products (51.3% vs 29.9%) and coke and refined petroleum products (19.6% vs -12.1%).

On a seasonally adjusted monthly basis, industrial output was down by 0.9% in August.

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