Slovakia Industry June 2016

Slovakia

Slovakia: Industrial production slows in June

August 10, 2016

Industrial production rose 2.2% annually in June, which followed the revised 5.8% expansion tallied in May (previously reported: +5.9% year-on-year). According to the Statistical Institute, June’s deceleration reflected slower growth in manufacturing output as well as a steeper decline in mining and quarrying.

On a monthly basis, industrial production inched down 0.1% in seasonally-adjusted terms in June. The print followed the 1.0% contraction tallied in May. Due to slower results registered in May and June, annual average growth in industrial production declined from 5.0% in May to 4.6%.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.1% in 2016, which is up 0.3 percentage points from last month’s forecast. For 2017, the panel sees industrial output expanding 4.5%.


Author:, Economist

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Slovakia Industry June 2016 0

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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