Industry in Slovakia

Slovakia Industry | Economic News & Forecasts

Slovakia - Industry

Industrial production picks up in October

Industrial production expanded 1.2% year-on-year in October, up from September’s mediocre 0.4% increase. Growth came on the back of a healthy expansion in manufacturing, which more than offset sharp contractions in mining and quarrying, and in electricity, gas, steam and air-conditioning supply. Robust increases in the manufacture of transport equipment, and of machinery and equipment, drove the manufacturing sector’s positive performance.

After adjusting for seasonal effects, industrial production rose 0.9% over the previous month in October, contrasting September’s 0.2% month-on-month decrease.

Meanwhile, annual average growth in industrial output edged down from September’s 2.2% to 1.8% in October, the lowest reading in almost six years.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 4.1%.

Slovakia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.2  3.0  6.0  3.8  3.1  

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Slovakia Industry Chart

Slovakia Industry
Note: Annual variation of industrial production in %.
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.

Slovakia Facts

Bond Yield0.68-4.12 %Dec 11
Exchange Rate1.130.65 %Dec 11
Stock Market3350.0 %Dec 11

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