Slovak industrial output registered its biggest fall in 10 years in December, official data showed Monday, highlighting the country’s dependence on the crisis-hit car industry.


Slovakia is home to a Kia plant producing Ceed models for Europe, amongst others.


Output fell 16.8% in December following a 7.2% fall in November, the Slovak Statistics Office said on Monday, according to Agence France-Presse, which noted the November figure was slightly revised down from the originally reported 7.1% fall.


Almost all sectors of the Slovak industry registered a decline, with the car industry, one of the engines of the Slovak economy, being hit the most.


Car production in Slovakia, also home to Volkswagen and PSA Peugeot Citroen, fell for the third consecutive month, shedding 35.7% over a year ago in December after a 16.4% fall in November.

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Car production is the driving force of the former communist country’s economy, AFP noted. All three carmakers have taken steps at their local plants to offset falling demand in Europe.


“The economy’s specialisation in car manufacturing, which has contributed to its past high growth, is a downside risk in the current circumstances,” an economic survey published Monday by the Organisation for Economic Cooperation and Development (OECD) said.


“In 2006 and 2007, GDP growth was the highest among OECD countries … The economy is set to enter a rougher period. Growth is projected to slow down significantly although given high potential growth the economy will be significantly stronger than elsewhere in Europe,” the report added, according to AFP.