Slovakia Industry September 2018

Slovakia

Slovakia: Industrial production barely grows in September

November 9, 2018

Industrial production expanded a mediocre 0.4% year-on-year in September, well down from August’s 2.1% increase. Growth came on the back of a moderate expansion in manufacturing, which more than offset sharp contractions in mining and quarrying, and in electricity, gas, steam and air-conditioning supply. Healthy increases in the manufacture of transport equipment, and of machinery and equipment, drove the manufacturing sector’s positive performance.

After adjusting for seasonal effects, industrial production decreased 0.2% over the previous month in September, contrasting August’s 0.9% month-on-month increase.

Meanwhile, annual average growth in industrial output edged down from August’s 2.3% to 2.1% in September.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 4.1%.


Author: Massimo Bassetti, Economist

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Slovakia Industry September 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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