Slovak Industrial Output Slips in June

Manufacturing

Industrial production in Slovakia slumped by 5.7% from a year earlier in June, following a 1.1% rise in the previous month, figures from the Bratislava-based Slovak Statistical Office (SÚSR) show.

Electricity, gas, and steam supply activity declined at a faster pace (-30.4% vs -27.1% in June) and manufacturing output fell back into contraction (-2.5% vs 4.9%), mainly due to a slump in the manufacture of transport equipment (-6% vs 10.3%).

Production also fell significantly for computer and electronic products (-26.9% vs -16.9%) and coke and refined petroleum products (-28.8% vs -20.9%).

At the same time, output growth slowed for mining & quarrying (4.3% vs 12%).

On a seasonally adjusted monthly basis, industrial output declined by 1.9% in June. 

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