Slovakia's industrial production fell 0.2 percent over a year earlier in September 2020, following an upwardly revised 0.9 percent drop in the previous month and compared with market expectations of a 2 percent decrease. Still, it was the smallest decline in industrial activity in the current eight-month sequence, amid the further easing of lockdown restrictions. Output went down at a softer pace for manufacturing (-2 percent vs -3 percent in August). Additionally, production grew further for mining & quarrying (13.3 percent vs 12.8 percent) and electricity, gas, steam and air conditioning (13.4 percent vs 13.1 percent). On a seasonally adjusted basis, industrial production increased 3.3 percent. Year-to-date, industrial activity slumped 12.7 percent over a year ago. source: Statistical Office of the Slovak Republic
Industrial Production in Slovakia averaged 4.53 percent from 2001 until 2020, reaching an all time high of 22.10 percent in August of 2006 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 December of 2020.
Industrial Production in Slovakia is expected to be 1.10 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 4.80 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 5.50 percent in 2021 and 2.20 percent in 2022, according to our econometric models.