Slovak industrial output rises in August
Slovakia's industrial production increased 0.8% year-on-year in August, easing from a 7.8% jump in the prior month, data released by the Slovak Statistical Office (SÚSR) on Monday show.
Whilst output continued to grow sharply for electricity, gas, steam and air conditioning supply (11.1%), it fell for manufacturing (-0.5%), mostly the car industry (-32.9%) amid the ongoing global shortage of semiconductors.
Mining activity also declined further (-9.2%). On a seasonally adjusted monthly basis, industrial production shrank 3.8%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
