Mon 6 May 2024
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Analyst: Slovak auto industry surging, overall industrial growth rather shy
June 11th, 2018
Despite the Slovak automotive sector's surging output, the country's overall industrial growth has been rather shy, UniCredit Bank Czech Republic and Slovakia analyst Lubomir Korsnak said on Monday in a commentary on Slovakia's industrial output for April. Pointing to the annual 'Easter effect', meaning a contraction in output in late March or in April, Korsnak said that an illusion of industrial acceleration compared to early 2018 was created by the energy sector, which declined sharply at the beginning of the year, with the slump then significantly decelerating in March and April.
TASR