Slovakia's industrial production slipped by 33.5 percent from a year earlier in May of 2020, following a record 42 percent plunge in the prior month and compared with market expectations of a 27.5 percent decline. Output fell slightly less for manufacturing (-37.6 percent vs -47.4 percent in April), helped by a sharp rebound in the production of coke and refined petroleum products (125.2 percent vs -6.5 percent) linked to last year's production shutdown of one of the largest producers. Meantime, output decreased further for mining & quarrying (-9 percent vs -0.3 percent in April); manufacturing (-37.6 percent vs -47.4 percent) and electricity, gas, steam and air conditioning supply (-5 percent vs -3.8 percent). On a seasonally adjusted monthly basis, industrial production rose 19.7 percent. Year-to-date, industrial output shrank by 19.5 percent over a year ago.
Industrial Production in Slovakia averaged 4.67 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 August of 2020. source: Statistical Office of the Slovak Republic
Industrial Production in Slovakia is expected to be -8.50 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.