Industry in Slovakia
Slovakia - Industry
Decline in industrial activity softens in September
Industrial output dropped 1.9% year on year in September (August: -2.0% yoy). September's smaller drop was partly driven by faster growth in manufacturing output. In addition, mining and quarrying output rebounded. That said, energy output fell at a steeper rate.
On a seasonally adjusted monthly basis, industrial output fell at a more moderate pace of 0.8% in September (August: -0.9% mom). Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at minus 1.5% in September, up from August's minus 1.7% reading.
FocusEconomics Consensus Forecast panelists project industrial production to contract 2.2% in 2023, which is up 0.1 percentage points from last month’s forecast. For 2024, the panel sees industrial production expanding 5.0%.
Slovakia - Industry Data
|Industrial Production (annual variation in %)||6.7||4.6||3.3||4.3||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 16, 2022
Harmonized inflation surged to 14.5% in October, above September’s 13.6%.
November 15, 2022
After a downward revision over H1, flash GDP data shows that year-on-year growth moderated slightly in Q3, coming in at 1.2% (Q2: 1.3%).
November 10, 2022
Industrial output dropped 1.9% year on year in September (August: -2.0% yoy).
October 19, 2022
Harmonized inflation inched up to 13.6% in September, above August’s 13.4%.
October 10, 2022
Industrial output dropped 2.0% year on year in August (July: -6.4% yoy).