Slovakia Industry January 2019

Slovakia

Slovakia: Industrial production jumps in January

March 11, 2019

Industrial production rose 7.2% on an annual basis in January, markedly up from December’s revised 4.3% increase (previously reported: +3.1% year-on-year). Notably, mining and quarrying activity, and supply of electricity, gas, steam and air-conditioning, both rebounded from a month earlier. Meanwhile, the manufacturing sector continued gathering momentum in January.

After adjusting for seasonal effects, industrial production increased 1.2% month-on-month in January (December: +0.0% month-on-month s.a.; previously reported: -0.9% mom s.a.).

Meanwhile, annual average growth in industrial output climbed to 4.9% in January, up from December’s 4.4% expansion.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.2% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 2.7%.


Author:, Economist

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Slovakia Industry January 2019

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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