US EditionSlovak industry falls by a disappointing 5.2% y/y in January
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bne.euSlovak industry falls by a disappointing 5.2% y/y in January
Slovakia’s industrial output fell by 5.2% year on year and by 7.3% month on month, significantly deepening its mild December dip of 0.1% y/y and ending the growth period registered for much of the second half of 2024.
Key export sectors such as mechanical engineering, metallurgy and electronics experienced a sharp decline in January. The only driving force remains the car industry, without which the industry as a whole would have fallen even more significantly. If it seemed that the Slovak industry had weathered the end of the year relatively well, a harsh sobering up came in January. Mechanical engineering, metallurgy and electrical engineering companies rec…
Despite increased car production, industrial production has not stabilized
Industry, a key sector of the Slovak economy, recorded its first decline in six months, when industrial production in January fell by 5.2 percent year-on-year. Despite increased car production, industrial production failed to stabilize. Sharp declines in metal production, energy, and machinery and equipment production contributed significantly to its decline. The Statistical Office of the Slovak Republic reported this on Monday. Industrial sect…
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