Slovakia: Growth in industrial output moderates in February
April 11, 2018
Industrial production grew 1.1 % year-on-year in February, half of January’s 2.2% expansion. The expansion was due to an increase in manufacturing, while both the electricity, gas, steam and air-conditioning supply; and mining and quarrying components continued to contract heavily. Strong increases in the manufacture of basic metals and fabricated metal products, as well as of rubber and plastic products and other non-metallic mineral products were behind the manufacturing sector’s positive performance.
After adjusting for seasonal effects, industrial production decreased 0.5% in month-on-month terms, contrasting January’s 0.4% growth.
Meanwhile, annual average growth in industrial output inched up from 2.7% in January to 2.8% in February.
Slovakia Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.9% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees industrial production growth decelerating to 4.4%.
