Kazakhstan: Industrial output growth wanes in March
Industrial output increased 3.0% compared to the same month of the previous year in March, which was a deterioration from...
Industrial Production in Slovakia
Over the past decade to 2022, Slovakia's economy recorded an average growth rate of 2.6% in industrial production, surpassing the 1.1% Euro Area average. In 2022, industrial production growth in Slovakia was -3.9%. For more industry information, visit our dedicated page.
Slovakia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Slovakia from 2014 to 2023.
Source: Slovakia Statistical Office.
Slovakia Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.0 | 0.8 | -8.5 | 10.3 | -4.0 |
Industrial activity falls at softer pace in December
Industrial production declined 0.1% year on year in December (November: -2.0% yoy). The softer drop was primarily driven by a rebound in manufacturing, and mining and quarrying. That said, a deterioration in energy production—which declined for the first time in eight months—capped the overall moderation. On a seasonally adjusted monthly basis, factory output rebounded, rising 3.5% in December (November: -4.0% mom s.a.). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at an over one-year high of minus 0.6% in December, up from November's minus 1.6%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Slovak industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Slovak industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Slovak industry projections.
Want to get access to the full dataset of Slovak industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Hungary: Industrial output rebounds in February
According to a second estimate by the Statistical Institute, industrial output expanded 1.0% year on year in February (January: -3.8%... -
Romania: Decline in industrial output softens in February
Industrial output fell 2.2% year on year in February (January: -3.9% yoy). Looking at the details of the release, manufacturing... -
Euro Area: Industrial production rebounds in February
Industrial output rose 0.8% in month-on-month seasonally adjusted terms in February, which contrasted January’s 3.0% decrease. February’s reading was driven... -
Uruguay: Manufacturing production growth falls to 10-month low in February
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India: Industrial output growth gains momentum in February
Industrial output increased 5.7% compared to the same month a year earlier in February, which was above January’s 4.1% increase... -
Belgium:
Industrial output grew 1.0% year on year in calendar-adjusted terms in February, which contrasted January’s 6.8% decrease. Looking at the...