Slovakia’s industrial production drop slows in October

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Regional today

Tuesday December 14, 2021, 10:05

Slovak industrial production fell 0.6% year-on-year in October, extending losses for the second month in a row after a revised downward 4.8% contraction in September, Statistics Office figures revealed on Friday. Slovak (SÚSR).

The main downward pressures came from mines and quarries (-23.4% against -10.7% in September) and manufacturing (-1.7% against -7.1%), mainly transport equipment (-21%), in the context of the current semiconductor crisis. In contrast, production continued to grow steadily for the supply of electricity, gas, steam and air conditioning (10.4% vs. 13.3%).

On a seasonally adjusted basis, industrial production increased by 3 months in October. In a separate report, the Bratislava-based agency said Slovakia’s construction production rose 2.8% year-on-year in October, rebounding from a 4.7% decline the month before. On a seasonally adjusted monthly basis, construction output growth was stable.

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