Slovakia's industrial production dropped 7.1 percent year-on-year in December 2019, following a downwardly revised 4.3 percent fall in the previous month and compared with market expectations of a 3 percent decrease. It was the fifth consecutive decline in industrial output, as production went down further in manufacturing (-8.5 percent from -4.7 percent in November), namely pharmaceuticals, medicinal chemical and botanical products (-34.8 percent from -4.8 percent), computer & electronics (-21.9 percent from -19.8 percent), rubber & plastics (-15.8 percent from -13.1 percent) and machinery & equipment (-11 percent from -2.6 percent). Also, mining output growth slowed (9.7 percent from 11.6 percent). Meanwhile, production of electricity, gas, steam and air conditioning supply fell less (-1.9 percent from -4.2 percent). On a seasonally adjusted monthly basis, industrial output decreased 1.4 percent. Considering full 2019, industrial production rose 0.4 percent.
Industrial Production in Slovakia averaged 5.18 percent from 2001 until 2019, reaching an all time high of 22.10 percent in August of 2006 and a record low of -27.40 percent in January of 2009. This page provides - Slovakia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistical Office of the Slovak Republic
Industrial Production in Slovakia is expected to be 2.20 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 3.00 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 2.20 percent in 2021 and 1.60 percent in 2022, according to our econometric models.