Stats: Industrial Output Down 1.3 percent Y-o-Y in February

Bratislava, April 10 (TASR) - Slovakia's industrial output decreased by 1.3 percent year-on-year (y-o-y) in February 2025, the Statistics Office reported on Thursday. After seasonal adjustments, industrial output rose by 5.2 percent month-on-month (m-o-m). Although the industrial output was lower than a year ago in the second month of this year, the pace of decline significantly slowed down from 5.1 percent seen in January. Dynamic growth in some key industrial branches continued to be dampened by rapid declines in other important sectors. Eight out of 15 monitored industrial branches of Slovakia's industry reported y-o-y output drop in February. The overall result was chiefly influenced by a 12-percent increase in output in the production of transport devices, with the sector showing a double-digit y-o-y growth for the second month in a row. A dampening effect on Slovakia's industrial output was produced by a 14-percent decline in the second most important sector - the production of metals. The sector posted a decline for the seventh consecutive month. The overall result was also negatively influenced by a 12-percent drop in the production of machinery and equipment and over 14-percent fall in the production of electric appliances. Meanwhile, industrial output in the first two months of the year shrank by 3.2 percent y-o-y. Seven of the 15 monitored sectors posted worse figures than in the same period of 2024. The most significant drop was reported for the production of metals (down by more than 15 percent). Industry was spared an even bigger fall by an almost 12-percent cumulative increase in the production of means of transport. ko