Industry in Slovakia
Slovakia - Industry
Industrial output drops at sharpest rate since June 2020 in September
Industrial output declined 4.9% in year-on-year terms in September, which contrasted August's 0.7% increase. September's figure marked the worst reading since June 2020. The figure was largely due to a sharper drop in manufacturing production, which fell at the sharpest pace since June 2020. In addition, mining and quarrying output contracted sharply.
On a monthly basis, industrial production fell 1.6% in seasonally-adjusted terms in September, which was significantly better than August’s 4.0% fall. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 9.8%, down from August's 10.3% reading.
FocusEconomics Consensus Forecast panelists project industrial production to grow 4.9% in 2022, which is unchanged from last month’s forecast. For 2023, the panel sees industrial production rising 4.1%.
Slovakia - Industry Data
|Industrial Production (annual variation in %)||6.7||4.6||3.3||4.3||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Industry Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 16, 2021
According to a preliminary estimate, GDP growth moderated to 1.3% year-on-year in the third quarter from 9.6% in the second quarter, undershooting market expectations.
November 15, 2021
Consumer prices rose 0.59% in October over the previous month, slowing down from September's 0.82% increase.
November 10, 2021
Industrial output declined 4.9% in year-on-year terms in September, which contrasted August's 0.7% increase.
October 14, 2021
Consumer prices increased 0.82% in September over the previous month, picking up from August's 0.38% rise.
October 11, 2021
Industrial production rose 0.9% year-on-year in August (July: +7.8% yoy).