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Financial News: Slovakia Industrial Production Falls In August

Slovakia Industrial Production Falls In August

10/10/2019 - 06:54:00 (RTTNews)

(RTTNews) - Slovakia's industrial production declined in August after rebounding in the previous month, preliminary data from the Statistical Office of the Slovak Republic showed on Thursday.

Industrial production dropped a working-day adjusted 8.1 percent year-on-year in August, after a 2.8 percent rise in July. In June, production had fallen 1.9 percent.

Manufacturing output declined 9.5 percent annually in August, after a 2.7 percent increase in the preceding month.

Output in the mining and quarrying rose 5.0 percent and electricity, gas, steam and air conditioning supply increased 1.9 percent.

On a monthly basis, industrial production fell 2.6 percent in August.

Separate data from the statistical office showed that the construction output declined 6.9 percent annually in August, following a 7.0 percent fall in July.

On a month-on-month basis, construction output rose 0.5 percent in August.

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