Industry in Slovakia
Slovakia - Industry
Contraction in industrial production eases in September
Industrial production fell 2.5% year-on-year in September, following August’s 8.1% plunge, which had marked the lowest reading since July 2016. A breakdown by sub-components revealed a slump in manufacturing output drove September’s contraction. On the other hand, both mining and quarrying output and utilities supply recorded expansions.
After adjusting for seasonal effects, industrial production rebounded 0.3% month-on-month in September (August: -2.6% month-on-month, seasonally adjusted).
Meanwhile, annual average growth in industrial output dropped from 3.6% in August to 2.9%, marking the softest print since March 2018.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.4% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees industrial production growth accelerating to 3.5%.
Slovakia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.5 | 3.2 | 6.6 | 4.7 | 3.3 |
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.36 | -4.12 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 341 | 0.0 % | Sep 04 |
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