Slovakia Industry

Slovakia

Slovakia: Industrial production growth accelerates in February

April 10, 2015

Industrial production increased 3.2% annually in February, marking an acceleration compared to the 2.1% growth tallied in January. The increase marked a seven-month high. According to the statistical office, February’s result reflected an increase in electricity, gas and air-conditioning supply, as well as in manufacturing and in mining and quarrying.

On a monthly basis, industrial production rose 0.5% in seasonally-adjusted terms in February, which contrasted the 0.1% decline tallied in January. Despite February’s increase, annual average growth in industrial production declined from 3.5% in January to 3.1% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.8% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees industrial output expanding 5.3%.


Author:, Economist

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Slovakia Industry Chart


Slovakia Industry February 2015

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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