Industry in Slovakia

Slovakia Industry | Economic News & Forecasts

Slovakia - Industry

Industrial production at a 9-month low in December

Industrial production rose 3.1% on an annual basis in December, a tad below November’s 3.3% rise. The headline reading was dragged by a contraction in mining and quarrying activity, a well as a fall in the supply of electricity, gas, steam and air-conditioning. Meanwhile, manufacturing expanded in December, albeit at a slower pace than a month earlier.

After adjusting for seasonal effects, industrial production decreased by 0.9% over the previous month in December, a notch above November’s revised 1.0% contraction (previously reported: -0.9% month-on-month).

Meanwhile, annual average growth in industrial output edged up from November’s 4.4% to 4.6% in December.

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 2.6%.

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 Yield0.50-4.12 %Feb 20
Exchange Rate1.130.65 %Feb 20
Stock Market3390.0 %Feb 20

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