Industry in Slovakia
Slovakia - Industry
Industrial production slows in April
Industrial production grew 6.3% on an annual basis in April, decelerating from March’s 7.8% expansion (previously reported: +7.3% year-on-year), which had marked a two-year high. A breakdown by sub-components revealed that more moderate activity in the manufacturing and utilities sectors drove the slowdown. Meanwhile, although mining and quarrying output contracted for a second consecutive month, it did so at a softer pace.
After adjusting for seasonal effects, industrial production decreased 0.2% month-on-month in April (March: +1.4% month-on-month, seasonally adjusted).
Meanwhile, annual average growth in industrial output climbed to 5.9% in April, up from March’s 5.7% expansion.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 3.2%.
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 | -0.02 | -4.12 % | Jun 20 |
| Exchange Rate | 1.13 | 0.65 % | Jun 20 |
| Stock Market | 345 | 0.0 % | Jun 20 |
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Economic News
Slovakia: Inflation speeds up in May
June 18, 2019
Consumer prices rose 0.3% month-on-month in May, up from April’s 0.2% increase.
Slovakia: Industrial production slows in April
June 10, 2019
Industrial production grew 6.3% on an annual basis in April, decelerating from March’s 7.8% expansion (previously reported: +7.3% year-on-year), which had marked a two-year high.
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Slovakia: Inflation eases in April
May 17, 2019
Consumer prices rose 0.2% month-on-month in April, down from March’s 0.6% increase.
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In the first quarter of the year, economic growth edged up to 3.7% on an annual basis (Q4 2018: +3.6% year-on-year), according to preliminary data released by the Central Statistics Office (KSH) on 15 May.
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