Slovakia Industry
Industrial activity drops at softer pace in May
Industrial output fell 1.5% in year-on-year terms in May, which followed April’s 2.0% decline. The improvement was largely driven by a pickup in energy output, which was partly offset by activity in the manufacturing sector falling at a steeper pace.
On a monthly basis, factory output increased 2.5% in seasonally adjusted terms in May, contrasting April’s 1.3% decline. Meanwhile, the trend worsened, with the annual average variation in industrial production coming in at minus 3.8% in May, down from April’s minus 3.3%.
Slovakia Industry Chart
This chart displays Industrial Production (annual variation in %) for Slovakia from 2013 to 2022.
Slovakia Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.0 | 0.8 | -8.5 | 10.3 | -3.9 |