Slovakia's industrial production increased by just 0.8 percent over a year earlier in August of 2021, easing from a 7.8 percent jump in the prior month and missing market expectations of a 4.9 percent rise. It was the seventh straight month of growth in industrial activity, although at the softest pace since February, as the low base effect fades and as the ongoing global shortage of semiconductors hit hard the car industry (-32.9 percent). On a seasonally adjusted monthly basis, industrial production shrank 3.8 percent. Year-to-date, industrial production grew 15.5% compared to the same period a year ago. source: Statistical Office of the Slovak Republic

Industrial Production in Slovakia averaged 4.96 percent from 2001 until 2021, reaching an all time high of 69.10 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 October of 2021.

Industrial Production in Slovakia is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Industrial Production is projected to trend around 2.20 percent in 2022, according to our econometric models.

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Slovakia Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-07-09 07:00 AM May 36.7% 69.1% 33.6% 45%
2021-08-10 07:00 AM Jun 13.7% 36.7% 9.9% 13.5%
2021-09-10 07:00 AM Jul 7.8% 13.8% 7.7% 5%
2021-10-11 07:00 AM Aug 0.8% 7.8% 4.9% 4.7%
2021-11-10 08:00 AM Sep 0.8%
2021-12-10 08:00 AM Oct


News Stream
Slovak Industrial Output Rises Less than Expected
Slovakia's industrial production increased by just 0.8 percent over a year earlier in August of 2021, easing from a 7.8 percent jump in the prior month and missing market expectations of a 4.9 percent rise. It was the seventh straight month of growth in industrial activity, although at the softest pace since February, as the low base effect fades. Whilst output continued to grow sharply for electricity, gas,steam and air conditioning supply (11.1 percent vs 9 percent in July), it fell for manufacturing (-0.5 percent vs 8 percent), mostly the car industry (-32.9 percent) amid the ongoing global shortage of semiconductors. Mining activity also declined further (-9.2 percent vs -7.6 percent).On a seasonally adjusted monthly basis, industrial production shrank 3.8 percent. Year-to-date, industrial production grew 15.5% compared to the same period a year ago.
2021-10-11
Slovak Industrial Output Rises More than Expected
Slovakia's industrial production advanced 7.8 percent over a year earlier in July of 2021, easing from a 13.8 percent jump in the prior month and just beating market expectations of a 7.7 percent hike. Production increased in 12 out of 15 activities, with 9 of those seeing output rise above its July 2019 level. The strongest growth rates were recorded in manufacture of basic metals & fabricated metal products (31.4 percent vs 40.2 percent in June); machinery & equipment (25.6 percent vs 23.8 percent); coke & refined petroleum products (10.6 percent vs -17.7 percent); and chemical & chemical products (9.4 percent vs 1.4 percent). On a seasonally adjusted monthly basis, industrial production rose 1 percent.
2021-09-10
Slovak Industrial Output Growth Beats Forecasts
Slovakia's industrial production grew 13.7 percent over a year earlier in June of 2021, following a 36.7 percent jump in May and beating market expectations of a 9.9 percent rise. Production went up for 13 out of 15 activities, in particular the manufacture of metals and metal structures (40.3 percent), machinery and equipment (23.5 percent) and rubber and plastic products (18.5 percent). On a seasonally adjusted monthly basis, industrial production advanced by 3 percent. Considering the first half of the year, industrial activity rose by 19.3 percent.
2021-08-10
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 Last Unit Reference Previous Highest Lowest
Business Confidence 0.70 points Sep/21 -1.00 22.30 -42.30
Industrial Production 0.80 percent Aug/21 7.80 69.00 -42.00
Manufacturing Production -0.50 percent Aug/21 8.00 78.30 -47.50
New Orders 3942.70 EUR Million Aug/21 4171.50 5439.40 698.80
Mining Production -9.20 percent Aug/21 -7.60 135.30 -57.00
Electricity Production 2444.00 Gigawatt-hour Jul/21 2267.00 3241.00 1695.00
Factory Orders 10.90 percent Jun/21 46.10 136.00 -57.70
Changes In Inventories 0.60 EUR Billion Jun/21 0.69 1.74 -1.03


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.