Slovakia's industry grows again. Carmakers fall behind 2018

Industrial production in Slovakia grew year-on-year by 2.8 percent in July.

Slovakia's industrial production grew by 2.8 percent in July, year-on-year.Slovakia's industrial production grew by 2.8 percent in July, year-on-year. (Source: TASR)

Despite a 2-percent year-on-year drop in Slovakia’s industrial production this June, production in the Slovak industry has gone up. In July, it increased by 2.8 percent, year-on-year, the Statistics Office (ŠÚ SR) informed.

“After the surprising sharp fall of the Slovak industry in June, it slightly recovered at the beginning of the summer,” UniCredit Bank analyst Ľubomír Koršňák said, as quoted by the SITA newswire.

Compared with June 2019, industrial production rose by 0.7 percent after seasonal adjustment.

Read alsoAs government prepares social packages, carmakers warn of crisis Read more 

“Nevertheless, the dynamics of the year-on-year growth of industry lagged behind the pace from the beginning of the year,” Koršňák added, as quoted by TASR.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

News digest: Schools across Slovakia are closing

Problems with regional buses in Bratislava persist. Meteorologists issue warnings against snow for Tuesday and Wednesday.


2 h
Illustrative stock photo

Regional hygienists starting to close schools

Schools in 11 districts have switched to remote learning so far.


3 h
Miroslava Sotáková

The great thing about Slovakia is the lack of crowds, says Slovak living in New York

Miroslava Sotáková works for Google and is bringing up three kids in New York.


12 h
Online shopping, illustrative stock photo.

Online scams spiked during Black Friday

Experts recommend double-checking discounts.


29. nov
Skryť Close ad