Skyline of Bratislava, Slovakia

Slovakia Industry

Slovakia Industry

Industrial Production in Slovakia

The Slovak economy recorded an average industrial production growth rate of 0.3% in the decade to 2024. In 2024, industrial production growth was 0.1%. For more industry information, visit our dedicated page.

Slovakia Industry Chart

Note: This chart displays Industrial Production (annual variation in %) for Slovakia from 2014 to 2024.
Source: Macrobond.

Slovakia Industry Data

2020 2021 2022 2023 2024
Industrial Production (ann. var. %) -9.0 11.1 -4.4 4.1 0.1

Industrial activity contracts at sharper pace in May

Latest reading: Industrial production dropped 4.1% year on year in May (April: -0.4% yoy). Looking at the details of the release, manufacturing output swung to contraction in May, as U.S. car tariffs likely drag on production. Additionally, output growth eased significantly in mining and quarrying. That said, energy production declined at a softer pace. Meanwhile, annual average industrial production growth fell to 0.4% in May (April: +0.6%), signaling a worsening trend in the industrial sector.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Slovak industry projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Slovak industry.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Slovak industry projections.

Want to get access to the full dataset of Slovak industry forecasts? Send an email to info@focus-economics.com.

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