Slovakia Industry May 2016


Slovakia: Growth in industrial production slows in May

July 11, 2016

Industrial production rose 5.9% annually in May, below the 7.7% increase tallied April. According to the Statistical Institute, May’s result reflected a softer pace of expansion in manufacturing output and a deeper contraction in the electricity, gas, steam and air conditioning supply category. However, the mining and quarrying sector experienced a smaller drop to that of April.

On a monthly basis, industrial production fell 1.0% in seasonally-adjusted terms in May. The print contrasted the 3.4% increase tallied in April. Despite the weaker readings observed in the last few months, annual average growth in industrial production rose from 4.4% in April to 5.0% in May.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.8% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, the panel sees industrial output expanding 4.0%.

Author:, Economist

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Slovakia Industry Chart

Slovakia Industry May 2016 0

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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