Latest reading: Industrial output declined 1.2% month-on-month in seasonally adjusted terms in July (June: +2.1% mom). The result marked the...
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 2019 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 output records largest drop in six months in July
Latest reading: Industrial output fell 4.6% in year-on-year terms in July, which was a larger contraction than June's 3.6% decrease. July's outturn marked the worst reading since January. The drop was due to a deterioration in manufacturing production. Moreover, energy supply plus mining and quarrying output dropped at a steeper pace. Similarly, industrial output fell 0.8% on a seasonally adjusted month-on-month basis in July (June: -1.8% mom s.a.). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.5%, contrasting June's plus 0.3% reading.
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.
Latest Global Industrial production News
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Japan: Industrial activity contracts at sharpest pace since November 2024 in July -
South Africa: Manufacturing production shrinks in July Latest reading: Manufacturing production was down 0.5% on a seasonally adjusted month-on-month basis in July, following a 0.4% increase in... -
Malaysia: Industrial output growth picks up pace in July Latest reading: Industrial output expanded 4.2% compared to the same month of the previous year in July, which was above... -
Sweden: Industrial output contracts at sharpest pace in seven months in July Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.3% increase. The result... -
Ireland: Industrial production returns to growth in July Latest reading: Industrial production increased 0.6% on a seasonally adjusted month-on-month basis in July, following a 11.9% decline in the... -
Argentina: Industrial activity contracts at sharpest rate since November 2024 in July Latest reading: Industrial output slid 1.1% compared to the same month a year earlier in July, which contrasted June’s 9.4%... -
Vietnam: Industrial output growth improves in August Latest reading: Industrial production grew 8.9% year on year in August (July: +8.5% yoy). The upturn came on the back...