Industry in Slovakia
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
|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||0.50||-4.12 %||Feb 20|
|Exchange Rate||1.13||0.65 %||Feb 20|
|Stock Market||339||0.0 %||Feb 20|
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February 14, 2019
Economic growth appears to have hit the brakes in the fourth quarter.
February 11, 2019
Industrial production rose 3.1% on an annual basis in December, a tad below November’s 3.3% rise.
January 15, 2019
Consumer prices dropped 0.1% month-on-month in December, matching November’s reading.
January 10, 2019
Industrial production rose 3.3% on an annual basis in November, decelerating from October’s logged 6.2% increase.
December 14, 2018
Consumer prices dropped 0.1% month-on-month in November, contrasting October’s 0.1% increase.