Slovak Industrial Output Shrinks in July

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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.

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