Industry in Slovakia

Slovakia Industry | Economic News & Forecasts

Slovakia - Industry

Industrial production sinks to over-two-year low in June

Industrial production fell 2.1% year-on-year in June, an over-two-year low, which contrasted May’s 4.7% increase. A breakdown by sub-components revealed that a contraction in the manufacturing sector drove the downturn. Meanwhile, growth in mining and quarrying gathered momentum, while growth in utilities supply slowed.

After adjusting for seasonal effects, industrial production dropped 1.4% month-on-month in June (May: +0.2% month-on-month, seasonally adjusted).

Meanwhile, annual average growth in industrial output fell to 4.1% from 5.8% a month prior.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.3% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 3.3%.

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-0.12-4.12 %Jul 31
Exchange Rate1.110.65 %Jul 31
Stock Market3440.0 %Jul 31

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