Industry in Slovakia
Slovakia - Industry
Growth in industrial production moderates further in June
Industrial production expanded 2.1% year-on-year in June, down from May’s revised 2.9% increase (previously reported: +2.5% year-on-year). Growth came on the back of a healthy expansion in manufacturing, which more than offset contractions in mining and quarrying,; and in electricity, gas, steam and air-conditioning supply. Strong increases in the manufacture of transport equipment, and of coke and refined petroleum products, drove the manufacturing sector’s positive performance.
After adjusting for seasonal effects, industrial production was unchanged in month-on-month terms in June, following May’s 0.7% increase.
Meanwhile, annual average growth in industrial output ticked up from May’s 2.5% to 2.6% in June.
Slovakia Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.9% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees industrial production growth decelerating to 4.4%.
Slovakia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.2 | 3.0 | 6.0 | 3.8 | 3.1 |
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.53 | -4.12 % | Aug 15 |
| Exchange Rate | 1.13 | 0.65 % | Aug 15 |
| Stock Market | 331 | 0.0 % | Aug 15 |
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Economic News
Slovakia: Growth accelerates in Q2
August 14, 2018
The Slovak economy gained steam in the second quarter.
Slovakia: Growth in industrial production moderates further in June
August 13, 2018
Industrial production expanded 2.1% year-on-year in June, down from May’s revised 2.9% increase (previously reported: +2.5% year-on-year).
Slovakia: Inflation accelerates in June
July 18, 2018
Consumer prices increased 0.1% month-on-month in June, up from the flat reading logged in May.
Slovakia: Growth in industrial production softens in May
July 12, 2018
Industrial production expanded 2.5% year-on-year in May, down from April’s revised 4.1% increase (previously reported: +4.2% year-on-year).
Slovakia: Inflation ticks down in May
June 14, 2018
Consumer prices were flat in May, down from the 0.6% month-on-month increase logged in April.
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