Slovakia's industrial production decline slows in October

Manufacturing

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Slovakia's industrial production retreated 0.6% year-on-year in October, extending losses for the second straight month after a downwardly revised 4.8% contraction in September, figures from the Slovak Statistical Office (SÚSR) showed on Friday.

Main downward pressure came from mining & quarrying (-23.4% vs -10.7% in September) and manufacturing (-1.7% vs -7.1%), mostly transport equipment (-21%), amid the ongoing semiconductor crisis. In contrast, output continued to increase solidly for electricity, gas, steam and air conditioning supply (10.4% vs 13.3%).

On a seasonally adjusted basis, industrial production rose 3 monthly in October. In a separate report the Bratislava-based agency said, that Slovakia's construction output increased by 2.8% year-on-year in October, rebounding from a 4.7% fall in the previous month. On a seasonally adjusted monthly basis, construction output growth was flat. 

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