Slovakia's industrial production went down 0.8 percent from a year ago in August of 2020, following a 3.6 percent decline in the prior month and compared with market expectations of a flat reading. Still, it was the smallest decrease in industrial activity in the current seven-month sequence, amid the further easing of lockdown restrictions. Output fell at a softer pace for manufacturing (-3 percent vs -6.3 percent in July), amid a smaller decline in production of machinery & equipment (-9.2 percent vs -16.1 percent) and a strong rebound in that of rubber, plastics, and other non-metallic mineral products (12.5 percent vs -13.2 percent). In addition, production continued to rise solidly for mining & quarrying (12.8 percent vs 3.2 percent) and electricity, gas, steam and air conditioning (13.1 percent vs 16.2 percent). On a seasonally adjusted basis, industrial production rose 4.4 percent. Year-to-date, industrial activity plunged 14.3 percent over a year ago.

Industrial Production in Slovakia averaged 4.55 percent from 2001 until 2020, reaching an all time high of 22.10 percent in August of 2006 and a record low of -42 percent in April of 2020. This page provides - Slovakia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistical Office of the Slovak Republic

Industrial Production in Slovakia is expected to be 1.10 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 4.80 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 5.50 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Slovakia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -3.60 22.10 -42.00 2001 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-10 07:00 AM Industrial Production YoY May -33.5% -42% -27.5% -30.8%
2020-08-10 07:00 AM Industrial Production YoY Jun -8.5% -33.3% -18% -21.5%
2020-09-10 07:00 AM Industrial Production YoY Jul -3.6% -8.5% -6.5% -1.9%
2020-10-09 07:00 AM Industrial Production YoY Aug -0.8% -3.6% 0% -0.5%
2020-11-11 08:00 AM Industrial Production YoY Sep -0.8% -8.5%
2020-12-10 08:00 AM Industrial Production YoY Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Slovak August Industrial Output Unexpectedly Drops
Slovakia's industrial production went down 0.8 percent from a year ago in August of 2020, following a 3.6 percent decline in the prior month and compared with market expectations of a flat reading. Still, it was the smallest decrease in industrial activity in the current seven-month sequence, amid the further easing of lockdown restrictions. Output fell at a softer pace for manufacturing (-3 percent vs -6.3 percent in July), amid a smaller decline in production of machinery & equipment (-9.2 percent vs -16.1 percent) and a strong rebound in that of rubber, plastics, and other non-metallic mineral products (12.5 percent vs -13.2 percent). In addition, production continued to rise solidly for mining & quarrying (12.8 percent vs 3.2 percent) and electricity, gas, steam and air conditioning (13.1 percent vs 16.2 percent). On a seasonally adjusted basis, industrial production rose 4.4 percent. Year-to-date, industrial activity plunged 14.3 percent over a year ago.
2020-10-09
Slovak Industrial Output Shrinks Less than Estimated
Slovakia's industrial production fell 3.6 percent from a year ago in July of 2020, following a 8.5 percent slump in the previous month and compared with market expectations of a 6.5 percent decline. It was the smallest decrease in industrial activity since pre-pandemic levels in February. Output fell less for manufacturing (-6.4 percent vs -10.5 percent in June) while it rebounded for mining (3.2 percent vs -0.7 percent). Meantime, production continued to rise solidly for electricity, gas, steam and air conditioning (16.2 percent vs 7.4 percent).
2020-09-10
Slovak Industrial Output Shrinks the Least in 4 Months
Slovakia's industrial production fell 8.5 percent from a year ago in June of 2020, following a downwardly revised 33.3 percent slump in the prior month and less than an expected 18 percent plunge. It was the softest decline in industrial activity in the five-month current sequence that began in February. Output rebounded sharply for electricity, gas, steam and air conditioning supply (7.4 percent vs -5 percent in May) while it shrank at a slower pace for manufacturing (-10.6 percent vs -37.4 percent), amid softer declines in production of cars and chemical & pharmaceuticals and mining & quarrying (-0.7 percent vs -9 percent). Year-to-date, industrial activity fell 17.7 percent over a year ago.
2020-08-10
Slovak Industrial Downturn Eases in May
Slovakia's industrial production slipped by 33.5 percent from a year earlier in May of 2020, following a record 42 percent plunge in the prior month and compared with market expectations of a 27.5 percent decline. Output fell slightly less for manufacturing (-37.6 percent vs -47.4 percent in April), helped by a sharp rebound in the production of coke and refined petroleum products (125.2 percent vs -6.5 percent) linked to last year's production shutdown of one of the largest producers. Meantime, output decreased further for mining & quarrying (-9 percent vs -0.3 percent in April); manufacturing (-37.6 percent vs -47.4 percent) and electricity, gas, steam and air conditioning supply (-5 percent vs -3.8 percent). On a seasonally adjusted monthly basis, industrial production rose 19.7 percent. Year-to-date, industrial output shrank by 19.5 percent over a year ago.
2020-07-10

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.