Slovakia: Industrial output slows down in February
April 10, 2013
In February, industrial output grew 1.1% over the same month last year, which followed the 3.1% rise observed in January. According to the Statistical Office of the Slovak Republic (SOSR), the increase was mainly the result of a rise in electricity, gas, steam and air-conditioning supply as well as in manufacturing.
On a monthly basis, industrial production decreased 0.5% in seasonally adjusted terms, which contrasted the 1.8% rise observed in January. As a result, the trend continues to point downwards, with annual average growth in industrial production deteriorating from 8.0% in January to 7.5% in February.
FocusEconomics Consensus Forecast panellists expect industrial production to increase 2.1% in 2013, which is unchanged from last month's forecast. For next year, the panel sees industrial output expanding 5.7%.