Industrial output grew 12.9% over the same month last year in January, which was a notch higher than the 12.7% expansion tallied in December. According to the statistical office, the increase was driven by an expansion in manufacturing, which more than compensated for the decrease in electricity, gas, steam and air-conditioning supply, and in mining and quarrying. On a monthly basis, industrial production increased 1.9% in seasonally-adjusted terms, which contrasted the 1.1% contraction tallied in December and marked a twelve-month high. The trend continues to point upward; annual average growth in industrial production improved from 5.3% in December to 5.9% in January. FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.6% in 2014, which is unchanged from last month's forecast. For next year, the panel sees industrial output expanding 6.1%.
Industrial production maintains robust growth in January
March 12, 2014
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Slovakia Industry Chart
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.
Slovakia Economic News
October 17, 2016
In September, consumer prices edged up 0.1% over the previous month, which contrasted the 0.1% drop registered in August.
October 11, 2016
In August, industrial production improved notably as it grew 17.5% from the same month last year, which was the highest rise since March 2008.
September 14, 2016
In August, consumer prices fell 0.1% over the previous month, which followed the 0.4% drop registered in July.
September 12, 2016
Industrial production dropped 14.3% annually in July, which contrasted the revised 2.3% expansion in June (previously reported: +2.2% year-on-year).
August 18, 2016
In July, consumer prices plunged 0.4% over the previous month, which contrasted the 0.1% rise tallied in June.