Slovakia industrial production declines at softer pace in June


Slovakia industrial production declined at a softer pace in June as the slump in the transport equipment manufacturing moderated significantly after lockdown restrictions to battle the coronavirus pandemic were eased, data from the Slovak Statistical Office (SÚSR) showed on Monday.

Industrial production fell a working-day adjusted 8.5% year-on-year in June, following a 33.3% decrease in May. Industrial production reached a 91.5% level of the last year, the agency said.

In addition to the recovery in the transport equipment manufacturing, the production of chemicals and basic pharmaceutical products also increased. Production for manufacturing declined 10.6% yearly in June and those of mining and quarrying fell 0.7%.

Meanwhile, production for electricity, gas, steam and air conditioning sector output rose 7.4%. On a monthly basis, industrial production grew 21.7% in June.

In a separate report, the Bratislava-based statistics agency said that Slovakiaʼs construction slipped 17.3% from a year earlier in June of 2020, following a 12.4% fall in May.

On a seasonally adjusted monthly basis, construction output shrank 4.9%. In the first six months of the year, construction output fell 7.4% over a year ago.


Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


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.