Slovakia Industrial Production Grows Further

Slovakia Industrial Production Grows Further

Slovakia's industrial production expanded for the third straight month in July, and at an accelerated pace than in the previous two months, preliminary data from the Statistical Office of the Slovak Republic showed Monday.

Industrial production advanced 9.2 percent year-over-year in July, much faster than the 3.1 percent rise in June.

The growth in July was mainly driven by a 10.2 percent spike in manufacturing output. Production in the energy sector grew 4.1 percent, while mining and quarrying output contracted by 6.1 percent.

On a monthly basis, industrial production declined a seasonally adjusted 3.3 percent in July.