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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Slovakia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
36.70 69.10 69.10 -42.00 2001 - 2021 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-09 07:00 AM Feb 1% -3.9% -1% -3.3%
2021-05-10 07:00 AM Mar 24.5% 1% 21.5% 18.5%
2021-06-10 07:00 AM Apr 69% 24.6% 66% 53%
2021-07-09 07:00 AM May 36.7% 69.1% 33.6% 45%
2021-08-10 07:00 AM Jun 36.7%
2021-09-10 07:00 AM Jul
2021-10-08 07:00 AM Aug
2021-11-10 08:00 AM Sep


News Stream
Slovakia Industrial Output Beats Forecasts in May
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.
2021-07-09
Slovakia Industrial Output Growth at Record High
Slovakia's industrial production surged 69.0 percent over a year earlier in April of 2021, following an upwardly revised 24.6 percent rise in March and beat market expectations of a 66.0 percent jump. It was the largest expansion in industrial output on records, due to a low base effect created by the first lockdown measures in the previous year. In April, 6 out of 15 activities reached pre-pandemic activity levels. Main upward pressure came from manufacturing production (78.2 percent vs 25.2 percent in March), bolstered by manufacturing of transport equipment (320.6 percent vs 58.5 percent); followed by utilities (35.3 percent vs 22.2 percent), and mining output (25.5 percent vs 13.4 percent). On a seasonally adjusted monthly basis, industrial output decreased 1 percent.
2021-06-10
Slovak Industrial Output Growth Above Forecasts
Slovakia's industrial production climbed 24.5 percent over a year earlier in March of 2021, following a 1 percent rise in February and beating market expectations of a 21.5 percent jump. Since 2009, the Slovak industry has seen more than a 20 percent growth only in May 2010, when companies began to recover from the effects of the global financial crisis. In March, 13 out of 15 activities registered growth, while in nine of them a significant, double-digit increase was recorded. The exceptional improvement can be attributed to last year's weak March, when the industry was already hit by the effects of the coronavirus pandemic and the rapid recovery of the demand in the third month of this year. On a seasonally adjusted monthly basis, industrial output increased 0.5 percent.
2021-05-10
Slovak Industrial Output Unexpectedly Rebounds
Slovakia's industrial production rose 1 percent over a year earlier in February of 2021, following a 3.9 percent slump in January and compared with market expectations of a 1 percent fall. In February, 7 out of 15 activities registered increases, in particular the manufacture of machinery (18.4 percent vs 0.9 percent in January) and transport equipment (1.6 percent vs -15 percent). On a seasonally adjusted monthly basis, industrial production was unchanged. Considering the first two months of the year, industrial output shrank 1.5 percent over a year earlier.
2021-04-09

Slovakia Industrial Production
In Slovakia, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 85 percent of total production. The biggest segments within Manufacturing are: Motor vehicles (33 percent of total production); computer products (7 percent); machinery and equipment (5 percent); basic metals (5 percent); rubber products (5 percent); fabricated metal products (5 percent); coke and refined petroleum products (4 percent); and electrical equipment (4 percent). Electricity, gas, steam and air conditioning account for 13 percent of total output, Water collection, treatment and supply account for 1 percent and Mining and quarrying account also for 1 percent.