The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Industrial output growth slows down to 9.7% y/y in September.

Industrial output growth slows down to 9.7% y/y in September. The growth of the industrial production decelerated to 9.7% y/y in September, down from 14.3% y/y for the previous month, the Statistical Office reported. The manufacturing industry was mainly responsible for the slower growth as its output expansion rate dropped to 12.6% y/y. All important branches showed a weaker performance, led by the transport equipment sector. It exhibited a still robust production growth of 26.2% y/y for the month, driven by the gradual acceleration of production at the PSA car plant in Trnava while the slowdown was probably due to the operations of the VW car plant in Bratislava . Recently, the plant confirmed that the new Audi Q7 car models, produced by the facility, were found to have been installed with faulty engines and would be recalled, which might be a potential reason for the production drop. The other key industrial branches – metal processing, machinery, electrical engineering and textiles, also recorded some growth slowdown, which might be related to the appreciation of the crown exchange rate as the majority of their production is directed for export. The output of the utilities sector was down by 8.8%

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree