Slovakia's industrial production plummeted 42.0 percent from a year earlier in April 2020, following a 19.6 percent slump in the previous month and compared with market expectations of a 33.3 percent drop. That was the steepest contraction ever recorded led by declines in transport equipment (-78.9 percent), rubber and plastic products and other non-metallic mineral products (-42.9 percent), machinery and equipment (-34.5 percent), metal and fabricated metal products (-26.2 percent), and electrical equipment (-41.8 percent).
Industrial Production in Slovakia averaged 4.83 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 July of 2020. source: Statistical Office of the Slovak Republic
Industrial Production in Slovakia is expected to be -21.50 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 2.60 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.