Slovakia Industry August 2018


Slovakia: Growth in industrial production moderates further in August

October 11, 2018

Industrial production expanded 2.1% year-on-year in August, marginally down from July’s 2.2% increase. Growth came on the back of a healthy expansion in manufacturing, which more than offset contractions in mining and quarrying, and in electricity, gas, steam and air-conditioning supply. Strong increases in the manufacture of transport equipment, and of basic metal and fabricated metal products, drove the manufacturing sector’s positive performance.

After adjusting for seasonal effects, industrial production increased 0.9% in August, contrasting July’s 0.8% drop.

Meanwhile, annual average growth in industrial output edged up from July’s 2.1% to 2.3% in August.

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%, also unchanged from last month’s projection.

Author: Massimo Bassetti, Senior Economist

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Slovakia Industry Chart

Slovakia Industry August 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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