Industry in Slovakia
Slovakia - Industry
Industrial production sinks to over-two-year low in June
Industrial production fell 2.1% year-on-year in June, an over-two-year low, which contrasted May’s 4.7% increase. A breakdown by sub-components revealed that a contraction in the manufacturing sector drove the downturn. Meanwhile, growth in mining and quarrying gathered momentum, while growth in utilities supply slowed.
After adjusting for seasonal effects, industrial production dropped 1.4% month-on-month in June (May: +0.2% month-on-month, seasonally adjusted).
Meanwhile, annual average growth in industrial output fell to 4.1% from 5.8% a month prior.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.3% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 3.3%.
Slovakia - Industry Data
|Industrial Production (annual variation in %)||1.5||3.2||6.6||4.7||3.3|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||-0.12||-4.12 %||Jul 31|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||344||0.0 %||Jul 31|
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August 19, 2019
Consumer prices rose 0.1% month-on-month in July, matching June’s result.
August 14, 2019
The economy grew 1.9% year-on-year in the second quarter, marking a notable slowdown from the 3.7% expansion in Q1 and the lowest reading since September 2013.
July 17, 2019
Consumer prices rose 0.1% month-on-month in June, down from May’s 0.3% increase.
July 10, 2019
Industrial production fell 2.1% year-on-year in June, an over-two-year low, which contrasted May’s 4.7% increase.
June 18, 2019
Consumer prices rose 0.3% month-on-month in May, up from April’s 0.2% increase.