Slovakia Industry September 2017

Slovakia

Slovakia: Industrial output growth expands in September

November 16, 2017

Industrial production growth expanded 2.3% year-on-year in September, contrasting August’s 0.5% expansion. The increase was mainly due to an expansion in manufacture of basic metals and fabricated metal products, which was partially offset by a contraction in manufacture of transport equipment.

On the other hand, industrial production grew 0.8% in monthly terms after August’s 2.4% increase.

Despite September’s expansion, annual average growth in industrial output fell from 4.5% in August to 4.3% in September.

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 growth decelerating to 4.4%.


Author:, Economist

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Slovakia Industry September 2017

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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