Slovakia's industrial production dropped 7.1 percent year-on-year in December 2019, following a downwardly revised 4.3 percent fall in the previous month and compared with market expectations of a 3 percent decrease. It was the fifth consecutive decline in industrial output, as production went down further in manufacturing (-8.5 percent from -4.7 percent in November), namely pharmaceuticals, medicinal chemical and botanical products (-34.8 percent from -4.8 percent), computer & electronics (-21.9 percent from -19.8 percent), rubber & plastics (-15.8 percent from -13.1 percent) and machinery & equipment (-11 percent from -2.6 percent). Also, mining output growth slowed (9.7 percent from 11.6 percent). Meanwhile, production of electricity, gas, steam and air conditioning supply fell less (-1.9 percent from -4.2 percent). On a seasonally adjusted monthly basis, industrial output decreased 1.4 percent. Considering full 2019, industrial production rose 0.4 percent.

Industrial Production in Slovakia averaged 5.18 percent from 2001 until 2019, reaching an all time high of 22.10 percent in August of 2006 and a record low of -27.40 percent in January of 2009. This page provides - Slovakia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistical Office of the Slovak Republic

Industrial Production in Slovakia is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Slovakia to stand at 3.00 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 2.20 percent in 2021 and 1.60 percent in 2022, according to our econometric models.


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Slovakia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-7.10 -4.30 22.10 -27.40 2001 - 2019 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-11 08:00 AM Sep -2.5% -8.1% 0.9% 1%
2019-12-10 08:00 AM Oct -3.9% -2.5% -1% -2.1%
2020-01-10 08:00 AM Nov -4.4% -4% -1% -2.5%
2020-02-10 08:00 AM Dec -7.1% -4.3% -3% -2%
2020-03-10 08:00 AM Jan -7.1%
2020-04-09 07:00 AM Feb
2020-05-11 07:00 AM Mar 2.2%
2020-06-10 07:00 AM Apr


News Stream
Slovak Industrial Output Falls the Most in 4 Months
Slovakia's industrial production dropped 7.1 percent year-on-year in December 2019, following a downwardly revised 4.3 percent fall in the previous month and compared with market expectations of a 3 percent decrease. It was the fifth consecutive decline in industrial output, as production went down further in manufacturing (-8.5 percent from -4.7 percent in November), namely pharmaceuticals, medicinal chemical and botanical products (-34.8 percent from -4.8 percent), computer & electronics (-21.9 percent from -19.8 percent), rubber & plastics (-15.8 percent from -13.1 percent) and machinery & equipment (-11 percent from -2.6 percent). Also, mining output growth slowed (9.7 percent from 11.6 percent). Meanwhile, production of electricity, gas, steam and air conditioning supply fell less (-1.9 percent from -4.2 percent). On a seasonally adjusted monthly basis, industrial output decreased 1.4 percent. Considering full 2019, industrial production rose 0.4 percent.
2020-02-10
Slovak Industrial Output Falls for 4th Month
Slovakia's industrial production slumped 4.4 percent from a year earlier in November of 2019, following an upwardly revised 4 percent decline in the previous month and more than an expected 1 percent fall. It was the fourth consecutive month of downturn in industrial activity, as output shrank for electricity, gas, steam and air conditioning supply (-4.3 percent vs 5 percent) and manufacturing (-4.7 percent vs -5.3 percent). Meanwhile, the mining sector continued to advance solidly overall (11.7 percent vs 13.9 percent). On a seasonally adjusted monthly basis, industrial production decreased 0.3 percent. Year-to-date, industrial output grew 1 percent compared to the same period in 2018.
2020-01-10
Slovak Industrial Output Contracts More than Expected
Slovakia's industrial production plunged 3.9 percent from a year earlier in October of 2019, following a 2.5 percent decline in the previous month and against market expectations of a 1.0 percent fall, as manufacturing production continued to decrease (-5.2 percent vs -3.1 percent in September). In contrast, output advanced faster for mining & quarrying (13.9 percent vs 2.1 percent) and electricity, gas, steam and air conditioning supply (5.0 percent vs 2.6 percent).
2019-12-10
Slovakia Industrial Output Unexpectedly Falls
Slovakia's industrial production fell 2.5 percent from a year earlier in September 2019, following an 8.1 percent fall in the previous month and missing marker expectations of a 0.9 percent rise. Output declined less for manufacturing (-3.1 percent from -9.5 percent in August), of which transport equipment (-9.5 percent from -14.1 percent), rubber, plastic products and other non-metallic mineral products (-8.6 percent from -25.6 percent), and basic metals and fabricated metal products (-8.6 percent from -18.2 percent). Also, output rebounded for computer, electrical and optical products (1.1 percent from -7.2 percent) and machinery and equipment (5.3 percent from -2.5 percent) Additionally, production of electricity, gas, steam and air conditioning supply advanced further (2.7 percent from 1.9 percent).
2019-11-11

Slovakia Industrial Production
In Slovakia, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 85 percent of total production. The biggest segments within Manufacturing are: Motor vehicles (33 percent of total production); computer products (7 percent); machinery and equipment (5 percent); basic metals (5 percent); rubber products (5 percent); fabricated metal products (5 percent); coke and refined petroleum products (4 percent); and electrical equipment (4 percent). Electricity, gas, steam and air conditioning account for 13 percent of total output, Water collection, treatment and supply account for 1 percent and Mining and quarrying account also for 1 percent.