Industry in Slovakia

Slovakia Industry | Economic News & Forecasts

Slovakia - Industry

Growth in industrial production moderates further in August

Industrial production expanded 2.1% year-on-year in August, marginally down from July’s 2.2% increase. Growth came on the back of a healthy expansion in manufacturing, which more than offset contractions in mining and quarrying, and in electricity, gas, steam and air-conditioning supply. Strong increases in the manufacture of transport equipment, and of basic metal and fabricated metal products, drove the manufacturing sector’s positive performance.

After adjusting for seasonal effects, industrial production increased 0.9% in August, contrasting July’s 0.8% drop.

Meanwhile, annual average growth in industrial output edged up from July’s 2.1% to 2.3% in August.

Slovakia Industrial Production Forecast

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.9% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees industrial production growth decelerating to 4.4%, also unchanged from last month’s projection.

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 Yield0.72-4.12 %Oct 18
Exchange Rate1.150.65 %Oct 18
Stock Market3370.0 %Oct 18

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