Slovakia Industry July 2018


Slovakia: Growth in industrial production moderates further in July

September 12, 2018

Industrial production expanded 2.0% year-on-year in July, down from June’s revised 2.2% increase (previously reported: +2.1% year-on-year). 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 machinery and equipment, drove the manufacturing sector’s positive performance.

After adjusting for seasonal effects, industrial production fell 0.9% in July, down from June’s flat reading.

Meanwhile, annual average growth in industrial output edged down from June’s 2.5% to 2.2% in July.

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 July 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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