Industry in Slovakia
Slovakia - Industry
Industrial production growth slumps to four-month low in December
Industrial production plunged 7.1% in December, following November’s 4.4% decline, and thus marking the fifth consecutive month of contracting industrial activity and the fastest contraction since August 2019. December’s dive was chiefly driven by a fall in manufacturing output, particularly in the production of transport equipment, as well as in the utilities supply sector. Meanwhile, the mining and quarrying sector clocked a rise.
After adjusting for seasonal effects, industrial production declined 1.4% in December (November: -0.4% month-on-month, seasonally adjusted).
Meanwhile, annual average growth in industrial output dropped from 1.5% in November to 0.5% in December, marking the lowest reading in over six years.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.8% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, the panel sees industrial production growth accelerating to 2.9%.
Slovakia - Industry Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 3.2 | 6.6 | 4.7 | 3.3 | 4.4 |
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.13 | -4.12 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Slovakia: Industrial production growth slumps to four-month low in December
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Industrial production plunged 7.1% in December, following November’s 4.4% decline, and thus marking the fifth consecutive month of contracting industrial activity and the fastest contraction since August 2019.
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Slovakia: Inflation steady in December
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Slovakia: Industrial production contracts for fourth month straight in November
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Industrial production fell 4.4% in November, following October’s revised 4.0% decline (previously reported: -3.9% year-on-year), and marking the fourth straight month of downturns in industrial activity.
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