Industry in Slovakia
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 |
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.72 | -4.12 % | Oct 18 |
| Exchange Rate | 1.15 | 0.65 % | Oct 18 |
| Stock Market | 337 | 0.0 % | Oct 18 |
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Economic News
Slovakia: Inflation ticks down in September
October 18, 2018
Consumer prices grew 0.1% month-on-month in September, down from August’s 0.2% increase.
Slovakia: Growth in industrial production moderates further in August
October 11, 2018
Industrial production expanded 2.1% year-on-year in August, marginally down from July’s 2.2% increase.
Slovakia: Inflation increases in August
September 18, 2018
Consumer prices grew 0.2% month-on-month in August, contrasting July’s 0.1% dip—which had represented the first drop in prices in over a year.
Slovakia: Growth in industrial production moderates further in July
September 12, 2018
Industrial production expanded 2.0% year-on-year in July, down from June’s revised 2.2% increase (previously reported: +2.1% year-on-year).
Slovakia: Growth accelerates in the second quarter
September 7, 2018
Detailed national accounts data released on 7 September showed that the economy grew 4.2% year-on-year in the second quarter, revised up from the preliminary reading of 4.1%.
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