Slovakia: Industrial output picks up in April
June 10, 2013
In April, industrial output grew 2.2% over the same month last year, which came in above the revised 1.3% rise observed in March (previously reported: +1.6% year-on-year). According to the statistical office (SOSR), the increase was broad-based, as all main sectors of economic activity improved compared to the previous month.
On a monthly basis, industrial production fell 1.9% in seasonally adjusted terms, which contrasts the 0.3% increase observed in March. Despite faster annual growth, the trend continues to point downwards, with annual average growth in industrial production deteriorating from 7.1% in March to 6.4% in April.
FocusEconomics Consensus Forecast panellists expect industrial production to increase 1.4% in 2013, which is unchanged from last month's forecast. For next year, the panel sees industrial output expanding 5.7%.
Author: Armando Ciccarelli, Head of Data Solutions