Slovakia Industry

Slovakia

Slovakia: Industrial production growth falls in September

November 10, 2014

Industrial production grew 1.2% in September over the same month last year, which came in below the 2.7% expansion tallied in August and represented the slowest increase since March 2013. According to the statistical office, September’s slowdown was mainly the result of a deterioration in electricity, gas and air-conditioning supply, which compensated for increases in mining and quarrying, as well as in manufacturing output.

On a monthly basis, industrial production contracted 0.1% in seasonally-adjusted terms in September, which contrasted the 0.3% expansion tallied in August. The upward trend in industrial output continued to moderate in September, with annual average growth edging down from 6.7% in August to 6.3% in September.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.3% in 2014, which is down 0.4 percentage points from last month’s forecast. For next year, the panel sees industrial output expanding 5.6%, which is down 0.5 percentage points from last month’s Consensus.


Author:, Economist

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Slovakia Industry September 2014

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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