Slovak Industrial Output Shrinks in July
Image by Pixabay
Industrial production in Slovakia shrank 5.3% year-on-year in July, shifting from a 3.6% increase in the previous month, the Bratislava-based Central Statistical Office (SÚSR) said on Monday.
Output tumbled for manufacturing (-6.3% vs 3.2% in June), weighed down by the decreases in the manufacture of transport equipment (-6.4% vs 12.2%), manufacture of basic metals & fabricated metal products, except machinery & equipment (-13.3% vs 0.8%), and other manufacturing & repair & installation of machinery & equipment (-21.3% vs -12.4%).
At the same time, output slowed for the manufacture of coke & refined petroleum products (27.5% vs 52.2%) and the manufacture of electrical equipment (7% vs 13.8%).
On a seasonally adjusted monthly basis, industrial production declined 2.6% in July, following a 1.2% fall in the previous month.
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.