Slovakia's industrial production growth eased to 6.3 percent year-on-year in April 2019 from an upwardly revised 7.8 percent in the previous month, beating market expectations of 5 percent. The biggest output increases were recorded for transport equipment (12.2 percent vs 14.4 percent), machinery and equipment (17.4 percent vs 25.8 percent), electrical equipment (25.2 percent vs 8.2 percent), food, beverages and tobacco products (18.7 percent vs 5.9 percent) and other manufacture, repair and installation of machinery and equipment (18.9 percent vs 10.4 percent). By contrast, output fell for metal and fabricated metal products (-12 percent vs -8.9 percent), rubber and plastic products and other non-metallic mineral products (-3.4 percent vs -2.3 percent) and textiles, apparel, leather and leather products by (-14.7 percent vs -19.1 percent). Industrial Production in Slovakia averaged 5.47 percent from 2001 until 2019, reaching an all time high of 22.10 percent in August of 2006 and a record low of -27.10 percent in January of 2009.
Industrial Production in Slovakia is expected to be 1.90 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 1.70 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 1.60 percent in 2020, according to our econometric models.