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Slovak Industrial Production Posts First Drop Since 2009

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Feb. 8 (Bloomberg) -- Slovak industrial production fell for the first time in more than three years in December as carmakers reduced output.

Output declined 4.4 percent from a year earlier, the first contraction since October 2009, after increasing 5.2 percent in November, the Slovak Statistical Office said in Bratislava, the capital. Production of cars, a key export, dropped 10 percent.

Slovakia’s export-dependent economy has been hurt by waning demand from the 17-nation euro area, which the country joined in 2009. The government last month cut its forecast for economic growth this year to 1.2 percent from previously a estimated 2.1 percent.

The trade surplus narrowed to 130.9 million euros ($175.6 million) in December from 315.7 million euros in the previous month, the statistics office also said today. The full-year surplus rose to a record 3.64 billion euros.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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