A fall in car production in local plants run by Volkswagen, PSA Peugeot Citroen and Kia Motors – now seen as the engine of the local economy – of 10.1 percent year on year in October, after a 19.1drop in September, contributed to a 3.8% overall dip in Slovakia’s industrial output, official data showed on Tuesday.
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Production of computers, electronics and optical products, also strongholds of the eastern European country’s economy, fell 15.4% in October after a revised 1.3% fall the month before, AFP reported.
The government statistics office in Slovakia – the country joined the eurozone this year – also revised September’s output to a 5.6% decline from the originally reported -5.2%, the news agency noted.
Small cars keep region’s economy ticking over
