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
|Industrial Production (annual variation in %)||3.2||6.6||4.7||3.3||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 14, 2020
The economy picked up pace in the final quarter of 2019.
February 14, 2020
Consumer prices rose 1.2% in January, contrasting December’s 0.1% fall.
February 10, 2020
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.
January 14, 2020
Consumer prices fell 0.1% in December, contrasting November’s 0.2% rise.
January 10, 2020
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.