Slovakia Industry February 2022

Slovakia

Slovakia: Industrial output deteriorates in February

April 11, 2022

Industrial output slid 0.2% compared to the same month of the previous year in February, which contrasted January's 3.1% increase. The figure was largely driven by a deterioration in manufacturing output growth. In addition, mining and quarrying output fell markedly.

On a monthly basis, industrial output fell 1.5% in seasonally-adjusted terms in February, which was marginally better than January’s 1.4% fall. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 10.9%, down from January's 11.1% reading.

FocusEconomics Consensus Forecast panelists project industrial production to grow 4.1% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, the panel sees industrial production expanding 4.7%.


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Slovakia Industry February 2022

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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