Industry in Slovakia
Slovakia - Industry
Industrial production picks up in October
Industrial production expanded 1.2% year-on-year in October, up from September’s mediocre 0.4% increase. Growth came on the back of a healthy expansion in manufacturing, which more than offset sharp contractions in mining and quarrying, and in electricity, gas, steam and air-conditioning supply. Robust increases in the manufacture of transport equipment, and of machinery and equipment, drove the manufacturing sector’s positive performance.
After adjusting for seasonal effects, industrial production rose 0.9% over the previous month in October, contrasting September’s 0.2% month-on-month decrease.
Meanwhile, annual average growth in industrial output edged down from September’s 2.2% to 1.8% in October, the lowest reading in almost six years.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth decelerating to 4.1%.
Slovakia - Industry Data
|Industrial Production (annual variation in %)||2.2||3.0||6.0||3.8||3.1|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.68||-4.12 %||Dec 11|
|Exchange Rate||1.13||0.65 %||Dec 11|
|Stock Market||335||0.0 %||Dec 11|
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December 11, 2018
Industrial production expanded 1.2% year-on-year in October, up from September’s mediocre 0.4% increase.
December 10, 2018
Detailed national accounts data released on 7 December showed that the economy grew 4.6% year-on-year in the third quarter, sustained by stronger consumer spending, confirming the preliminary estimate.
November 16, 2018
Consumer prices grew 0.1% month-on-month in October, matching September’s uptick.
November 14, 2018
The Slovak economy remained strong in the third quarter.
November 9, 2018
Industrial production expanded a mediocre 0.4% year-on-year in September, well down from August’s 2.1% increase.