Slovakia's industrial production increased 39.7 percent year-on-year in May of 2021, following an upwardly revised 69.1 percent surge in the previous month and faster than market expectations of a 33.6 percent jump. It was the second largest expansion in industrial output on records, due to baseline effects caused by the pandemic outbreak last year, as output remained 10 percent below pre-pandemic levels. Production went up for 13 out of 15 activities, mostly from manufacturing production (43.2 percent vs 78.3 percent in April), where the strongest contribution was manufacturing of transport equipment (57.2 percent vs 320.9 percent), despite partial outages in the auto industry because of the global semiconductor chip shortage. Meanwhile, production of utilities also advanced (9.0 percent vs 35.5 percent), while mining & quarrying output fell (-2.7 percent vs 25.5 percent). On a seasonally adjusted monthly basis, industrial output decreased 2.4 percent. source: Statistical Office of the Slovak Republic
Industrial Production in Slovakia averaged 4.93 percent from 2001 until 2021, reaching an all time high of 69 percent in April of 2021 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 2021.
Industrial Production in Slovakia is expected to be 4.80 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 5.50 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 2.20 percent in 2022, according to our econometric models.