Slovakia's industrial production decreased 2.1 percent year-on-year in June 2019 compared to a 4.7 percent rise in the prior month and missing market expectations of a 5.9 percent growth. It was the steepest downturn in industrial activity since April 2017, as manufacturing shrank (-4.1 percent vs 2.7 percent in May) and electricity, gas, steam & air conditioning supply rose slightly less (15.1 percent vs 23.2 percent). Meanwhile, the mining sector increased at a faster pace (10.9 percent vs 8.7 percent). On a seasonally adjusted monthly basis, industrial activity went down 1.4 percent. On a seasonally adjusted monthly basis, industrial activity went down 1.4 percent. Year-to-date, industrial production grew 4.9 percent over a year ago. Industrial Production in Slovakia averaged 5.43 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.
Industrial Production in Slovakia is expected to be 1.80 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.