Slovakia Industry February 2018


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%.

Author: Massimo Bassetti, Senior Economist

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Slovakia Industry Chart

Slovakia Industry February 2018

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

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