Slovak Industrial Output Recovers in March

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Slovakia's industrial production increased 2.5% year-on-year in March, recovering from a 4.7% drop in the previous month, data from the Bratislava-based Slovak Statistical Office (SÚSR) showed on Wednesday.

Output rebounded for manufacturing (3.3% vs -2% in February), boosted by the sharp recovery in the manufacture of coke & refined petroleum products (20.4% vs -25%).

At the same time, manufacture of transport equipment (15.6% vs 5.8%), manufacture of pharmaceutical, medicinal chemical & botanical products (10.9% vs 8%) and manufacture of textiles, apparel, leather & leather products (2.2% vs 2.6%) increased at a faster pace.

Meanwhile, manufacture of food products, beverages & tobacco products (-10.5% vs -2.1%) and manufacture of wood & paper products & printing (-12.8% vs -12%) further declined.

On a seasonally adjusted monthly basis, industrial output increased by 1.6% in March, easing from a 2.3% rise in the previous month.

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