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World Bank cuts Cambodia’s GDP growth forecast to 4% for 2025
21 hours ago
Industrial output in Slovakia returned to a mild decline of 0.4% year on year in April, marking the third month of decline this year. Month on month, it increased by 0.5%. In March, it registered growth of 3.5% y/y.
“Although the decisive manufacture of motor vehicles increased by 6%, even that did not keep domestic industry in positive numbers,” the Statistical Office of the Slovak Republic highlighted in its report.
It added that “the major obstacle was the continued weaker manufacturing of machinery, and also the lower performance in the energy sector.” Seven of the 15 monitored sectors were in decline.
The 6% y/y growth in the car production was a slowdown to about a third compared to March, while the machinery manufacturing fell by almost 14%, followed by almost 10% decline in electricity, gas, steam and air-conditioning supply, and almost 13% slide in manufacture of electrical equipment.
Manufacture from rubber and plastic products fell by 5%, while metal production registered 4% growth, and coke and petroleum products rose by almost 10%.
From January to April, industrial output fell by 0.8% y/y despite almost 13% growth in transport equipment manufacturing.
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