Slovakia's industrial production rose 2.2 percent over a year earlier in November of 2020, following a 2.5 percent fall in the previous month. It was the first increase in industrial activity since January and the strongest since July of 2019, as the economy gradually recovers from the pandemic shock. In November, 9 out of 15 activities registered increases, especially the manufacture of transport equipment and metals. On a seasonally adjusted monthly basis, industrial activity grew 3.1 percent. source: Statistical Office of the Slovak Republic

Industrial Production in Slovakia averaged 4.49 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 January of 2021.

Industrial Production in Slovakia is expected to be 2.60 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 5.50 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 2.20 percent in 2022, according to our econometric models.

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Slovakia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
2.20 -2.60 22.10 -42.00 2001 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-09 07:00 AM Aug -0.8% -3.6% 0% -0.5%
2020-11-10 08:00 AM Sep -0.2% -0.9% -2% -0.5%
2020-12-10 08:00 AM Oct -2.5% -0.2% 0% -2.2%
2021-01-11 08:00 AM Nov 2.2% -2.6% -2%
2021-02-10 08:00 AM Dec 2.2%
2021-03-10 08:00 AM Jan
2021-04-09 07:00 AM Feb
2021-05-11 07:00 AM Mar


News Stream
Slovak Industrial Output Rebounds in November
Slovakia's industrial production rose 2.2 percent over a year earlier in November of 2020, following a 2.5 percent fall in the previous month. It was the first increase in industrial activity since January and the strongest since July of 2019, as the economy gradually recovers from the pandemic shock. In November, 9 out of 15 activities registered increases, in particular the manufacture of transport equipment and metals. On a seasonally adjusted monthly basis, industrial activity grew 3.1 percent. Year-to-date, industrial activity plunged 10.3 percent over a year ago.
2021-01-11
Slovak Industrial Output Unexpectedly Slumps in October
Slovakia's industrial production fell 2.5 percent over a year earlier in October of 2020, following a 0.2 percent drop in the prior month and compared with market expectations of no growth. It was the 9th consecutive month of falling industrial activity as the pandemic crisis continued to hit manufacturing. On a seasonally adjusted monthly basis, industrial output shrank 1.1 percent. Year-to-date, industrial activity fell 11.6 percent over a year ago.
2020-12-10
Slovak August Industrial Output Shrinks Less than Expected
Slovakia's industrial production fell 0.2 percent over a year earlier in September 2020, following an upwardly revised 0.9 percent drop in the previous month and compared with market expectations of a 2 percent decrease. Still, it was the smallest decline in industrial activity in the current eight-month sequence, amid the further easing of lockdown restrictions. Output went down at a softer pace for manufacturing (-2 percent vs -3 percent in August). Additionally, production grew further for mining & quarrying (13.3 percent vs 12.8 percent) and electricity, gas, steam and air conditioning (13.4 percent vs 13.1 percent). On a seasonally adjusted basis, industrial production increased 3.3 percent. Year-to-date, industrial activity slumped 12.7 percent over a year ago.
2020-11-10
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

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.