Industry in Slovakia

Slovakia Industry | Economic News & Forecasts

Slovakia - Industry

Decline in industrial activity softens in September

Industrial output dropped 1.9% year on year in September (August: -2.0% yoy). September's smaller drop was partly driven by faster growth in manufacturing output. In addition, mining and quarrying output rebounded. That said, energy output fell at a steeper rate.

On a seasonally adjusted monthly basis, industrial output fell at a more moderate pace of 0.8% in September (August: -0.9% mom). Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at minus 1.5% in September, up from August's minus 1.7% reading.

FocusEconomics Consensus Forecast panelists project industrial production to contract 2.2% in 2023, which is up 0.1 percentage points from last month’s forecast. For 2024, the panel sees industrial production expanding 5.0%.

Slovakia - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)6.7  4.6  3.3  4.3  0.5  

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Slovakia Industry Chart


Slovakia Industry
Note: Annual variation of industrial production in %.
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.

Slovakia Facts

Value Change Date
Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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