Slovakia Industry February 2020


Slovakia: Industrial production declines in February

April 9, 2020

Industrial production fell 1.5% over the previous year in February, contrasting January’s 0.5% rise. February’s downturn was largely driven by a decline in the manufacturing sector, which more than offset expansions in the utilities supply sector as well as in the mining and quarrying sector.

After adjusting for seasonal effects, industrial production decreased 0.7% month-on-month in February (January: +4.6% month-on-month, seasonally adjusted).

Meanwhile, annual average industrial production declined 0.6% in February, down from January’s flat reading.

FocusEconomics Consensus Forecast panelists project industrial production to fall 4.3% in 2020, which is down 6 percentage points from last month’s forecast. For 2021, the panel sees industrial production rising 3.8%.

Author:, Economist

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Slovakia Industry Chart

Slovakia Industry February 20 20

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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