Industrial output with growth, but slower than last year

Growth in industrial output Slovakia decelerated in July to 16.8% from 23.5% in June, according to data from the Statistical Office SR.

A 21.5% growth was seen in industrial manufacturing, and a 0.3% growth in supplies of electric energy, gas, steam and cooled air. Output was down 7.1% in mining and mineral extraction.

All industrial sectors posted growth in production in July, with the exception of the production of coke and other crude oil (down 10.7% y/y) and of wood and paper products (down 1.9% y/y).

Strongest growth was seen in computers, electronics and optical devices, which was up  58.1%. Growth of 50.7% was recorded in the production of machinery and equipment not classified elsewhere, and 48.2% y/y growth was registered in transport means.

The production of metals and metallic structures was up 4.4% and other production, repairs, and installation of machines and equipment enjoyed 21.2% growth.