Slovak industrial production decreased by 0.6% year-on-year in October, down by 3.1% compared to the pre-pandemic level of October 2019, according to data published by the Slovak Statistics Office. In month-on-month terms, industrial output went up by 3% in October.
“Industrial production fell y/y for the second month in a row, with the most influential segment, the manufacture of transport vehicles, significantly lagging behind for the third month in a row, although the decline rate fell to 21%,” the office said.
The continuing crisis of global semiconductor shortage in the automotive industry continued to limit Slovakia´s car production. Car production fell by 20% y/y, although the rate of decrease slowed down slightly for the third consecutive month.
In 10M21, industrial production increased by 11.3% y/y.