Slovakia Industry January 2022

Slovakia

Slovakia: Industrial output growth deteriorates in January

March 10, 2022

Industrial output increased 3.1% compared to the same month a year earlier in January, which was a deterioration from December's 8.8% increase. The notable deterioration was primarily due to weaker growth of manufacturing output and a deterioration in electricity, gas and steam supply production.

On a seasonally-adjusted monthly basis, industrial production fell 1.3% in January (December: +0.8% mom). Meanwhile, annual average industrial production growth rose to 11.0% in January (December: +10.4%), signaling an improving trend in the industrial sector.

FocusEconomics panelists project harmonized inflation to average 5.0% in 2022, which is up 0.7 percentage points from last month’s forecast, and 2.5% in 2023.


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Slovakia Industry January 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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