Slovakia Industry December 2018

Slovakia

Slovakia: Industrial production at a 9-month low in December

February 11, 2019

Industrial production rose 3.1% on an annual basis in December, a tad below November’s 3.3% rise. The headline reading was dragged by a contraction in mining and quarrying activity, a well as a fall in the supply of electricity, gas, steam and air-conditioning. Meanwhile, manufacturing expanded in December, albeit at a slower pace than a month earlier.

After adjusting for seasonal effects, industrial production decreased by 0.9% over the previous month in December, a notch above November’s revised 1.0% contraction (previously reported: -0.9% month-on-month).

Meanwhile, annual average growth in industrial output edged up from November’s 4.4% to 4.6% in December.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.3% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 2.6%.


Author:, Economist

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Slovakia Industry December 2018

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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