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.