Industry in Slovakia

Slovakia Industry | Economic News & Forecasts

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  

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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 Yield-0.36-4.12 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market3410.0 %Sep 04

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