Slovakia Industry


Slovakia: Industrial output slows down in March

May 10, 2013

In March, industrial output grew 1.6% over the same month last year, which came in above the 1.2% rise observed in February. According to the Statistical Office of the Slovak Republic (SOSR), the increase was mainly the result of a rise in manufacturing as well as in electricity, gas, steam and air-conditioning supply.

On a monthly basis, industrial production rose 0.3% in seasonally adjusted terms, which contrasted the 0.5% drop observed in February. Despite the relatively strong annual reading, the trend continues to point downwards, with annual average growth in industrial production deteriorating from 7.5% in February to 6.9% in March.

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%.


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Slovakia Industry Chart

Slovakia Industry March 2013

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Statistical Office of the Slovak Republic (SOSR) and FocusEconomics calculations.

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