Industry in Slovakia
Slovakia - Industry
Contraction in industrial production eases in September
Industrial production fell 2.5% year-on-year in September, following August’s 8.1% plunge, which had marked the lowest reading since July 2016. A breakdown by sub-components revealed a slump in manufacturing output drove September’s contraction. On the other hand, both mining and quarrying output and utilities supply recorded expansions.
After adjusting for seasonal effects, industrial production rebounded 0.3% month-on-month in September (August: -2.6% month-on-month, seasonally adjusted).
Meanwhile, annual average growth in industrial output dropped from 3.6% in August to 2.9%, marking the softest print since March 2018.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.4% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees industrial production growth accelerating to 3.5%.
Slovakia - Industry Data
|Industrial Production (annual variation in %)||1.5||3.2||6.6||4.7||3.3|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||-0.36||-4.12 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||341||0.0 %||Sep 04|
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November 15, 2019
Consumer prices fell 0.1% month-on-month in October, contrasting September’s 0.1% rise.
November 14, 2019
The economy expanded 1.3% year-on-year in the third quarter, down from the second quarter’s revised 2.2% expansion (previously reported: +2.0% year-on-year) and marking the lowest reading since Q2 2013, according to a preliminary GDP estimate released on 14 November.
November 11, 2019
Industrial production fell 2.5% year-on-year in September, following August’s 8.1% plunge, which had marked the lowest reading since July 2016.
October 16, 2019
Consumer prices inched up 0.1% month-on-month in September, following August’s 0.2% increase.
October 10, 2019
Industrial production fell 8.1% year-on-year in August, contrasting July’s 2.8% increase and marking the lowest reading since July 2016.