Slovakia Industry

Slovakia

Slovakia: Industrial production posts modest growth in December

February 10, 2015

Industrial production increased 0.7% in annual terms in December, which contrasted the 3.3% drop tallied in November. November’s drop marked the lowest reading in two years. According to the statistical office, December’s result reflected an increase in electricity, gas and air-conditioning supply, as well as in mining and quarrying. Conversely, manufacturing output declined compared to the same month last year.

On a monthly basis, industrial production rose 0.7% in seasonally-adjusted terms in December, which contrasted the 0.7% decline tallied in November. Despite December’s increase, annual average growth in industrial production declined from 4.5% in November to 3.5% in December.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.3% in 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, the panel sees industrial output expanding 5.5%.


Author:, Economist

Sample Report

Looking for forecasts related to Industry in Slovakia? Download a sample report now.

Download

Slovakia Industry Chart


Slovakia Industry December 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.


Slovakia Economic News

More news

Search form