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Industrial production falls in January to lowest level since 1999

The fall in industrial production that began in Slovakia in October continued into January, with the figure dropping by 27 percent year-on-year to its lowest level since the new industrial production index was introduced in 1999, the Slovak Statistics Office announced on Monday, March 9. There were cuts in manufacturing production of 32.7 percent y-o-y, and in mining and quarrying by 6 percent, the TASR newswire wrote. Conversely, production of electricity, gas, steam and cold-air supplies rose by 3.5 percent y-o-y. All branches of industry saw y-o-y falls in production, with the most significant being the following decreases from last year: transport vehicles - 47.7 percent; electrical devices - 44.2 percent; metal and metallic products, excluding machines and devices - 42.4 percent; chemicals and machines and devices - both 33.6 percent; rubber plastics, and other non-metallic mineral products - both 33.3 percent; textiles, clothing, leather and related products - 23.1 percent; and in other manufacturing, repairs and the installation of machinery and equipment - 21.7 percent. TASR

The fall in industrial production that began in Slovakia in October continued into January, with the figure dropping by 27 percent year-on-year to its lowest level since the new industrial production index was introduced in 1999, the Slovak Statistics Office announced on Monday, March 9. There were cuts in manufacturing production of 32.7 percent y-o-y, and in mining and quarrying by 6 percent, the TASR newswire wrote. Conversely, production of electricity, gas, steam and cold-air supplies rose by 3.5 percent y-o-y.

All branches of industry saw y-o-y falls in production, with the most significant being the following decreases from last year: transport vehicles - 47.7 percent; electrical devices - 44.2 percent; metal and metallic products, excluding machines and devices - 42.4 percent; chemicals and machines and devices - both 33.6 percent; rubber plastics, and other non-metallic mineral products - both 33.3 percent; textiles, clothing, leather and related products - 23.1 percent; and in other manufacturing, repairs and the installation of machinery and equipment - 21.7 percent. TASR

Compiled by Zuzana Vilikovská from press reports
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