Slovakia: Industrial Production Declining

BusinessEconomy ♦ Published: February 8, 2013; 11:29 ♦ (Vindobona)

In December 2012, industrial production index (IPI) decreased after a long-term year-on-year growth (since November 2009).

Slovakia: Industrial Production Declining / Picture: © Vindobona.org

Compared with December 2011, it decreased by 4,4 % as a result of a fall in manufacturing by 5,8 %, in mining and quarrying by 8,2 %. It increased by 3,4 % in electricity, gas, steam and air-conditioning supply.

A decrease of the total industrial production was affected most considerably by a decrease in manufacture of transport equipment by 10 %, other…