Slovak industrial output slumps in September

Manufacturing

Slovakia's industrial production shrank by 4.9% year-on-year in September, following a 0.8% rise in the previous month, figures released by the Bratislava-based Central Statistical Office (SÚSR) showed on Wednesday.

Industrial activity fell for mining & quarrying by 10.8% while manufacturing decreased by 7.1%, mostly transport equipment (-31.3%), amid the ongoing semiconductor crisis.

Conversely, output continued to increase for electricity, gas, steam and air conditioning supply by 13%.

On a seasonally adjusted monthly basis, industrial production fell by 1.7%. Year-to-date, industrial production grew 12.9% compared to the same period a year ago.

A separate report from the statistics agency showed that Slovakia's construction output slipped by 4.7% year-on-year in September, reversing a 4.2% rise in the previous month. Domestic construction slumped (-6.1%), while production abroad grew (9.4%).

On a seasonally adjusted monthly basis, cons truction output declined by 3.8%. Year-to-date, construction activity fell 3.3% compared to the same period in 2020. 

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