Slovakia industrial output down 9.6 pc in April

Industrial output in Slovakia fell by 9.6 percent year-on-year in April 2022, the Statistics Office has reported. In monthly terms, after seasonal adjustments, industrial production decreased by 1.2 percent. The slowdown concerned only a third of industries, but growth in metal, rubber and oil processing and in most small industries failed to compensate for continued deeper declines in the key sectors of car manufacturing, energy, electronics production and mining of raw materials. In April, Slovak industry produced 3.1 percent more value than the 2015 base year monthly average. In the same month of 2021, the figure was 14 percent higher than the 2015 monthly average.