Slovakia Industry


Industrial output picks up in April

In April, industrial output grew 2.2% over the same month last year, which came in above the revised 1.3% rise observed in March (previously reported: +1.6% year-on-year). According to the statistical office (SOSR), the increase was broad-based, as all main sectors of economic activity improved compared to the previous month.

On a monthly basis, industrial production fell 1.9% in seasonally adjusted terms, which contrasts the 0.3% increase observed in March. Despite faster annual growth, the trend continues to point downwards, with annual average growth in industrial production deteriorating from 7.1% in March to 6.4% in April.

FocusEconomics Consensus Forecast panellists expect industrial production to increase 1.4% in 2013, which is unchanged from last month's forecast. For next year, the panel sees industrial output expanding 5.7%.

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Slovakia Industry Chart

Slovakia Industry April 2013

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Statistical Office of the Slovak Republic (SOSR) and FocusEconomics calculations.

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