Skyline of Bratislava, Slovakia

Slovakia Industry

Slovakia Industry

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. %) -3.4 -6.2 -9.0 10.8 -4.4

Industrial activity falls at sharpest pace in over one year in March

Industrial output dived 6.9% compared to the same month a year earlier in March, which contrasted February's 0.1% increase. March's result marked the worst reading since December 2022. Looking at the details of the release, manufacturing production fell at a sharper pace in March. Meanwhile, energy supply production accelerated. Accordingly, the trend pointed down, with the annual average growth of industrial production coming in at 1.5% in March, down from February's 2.6% reading. On a seasonally adjusted month-on-month basis, the industrial sector fell 1.2%, contrasting the 0.2% increase in the prior month.

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 9 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.

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