Slovakia's industrial production slumped 4.4 percent from a year earlier in November of 2019, following an upwardly revised 4 percent decline in the previous month and more than an expected 1 percent fall. It was the fourth consecutive month of downturn in industrial activity, as output shrank for electricity, gas, steam and air conditioning supply (-4.3 percent vs 5 percent) and manufacturing (-4.7 percent vs -5.3 percent). Meanwhile, the mining sector continued to advance solidly overall (11.7 percent vs 13.9 percent). On a seasonally adjusted monthly basis, industrial production decreased 0.3 percent. Year-to-date, industrial output grew 1 percent compared to the same period in 2018.
Industrial Production in Slovakia averaged 5.24 percent from 2001 until 2019, reaching an all time high of 22.10 percent in August of 2006 and a record low of -27.40 percent in January of 2009. This page provides - Slovakia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistical Office of the Slovak Republic
Industrial Production in Slovakia is expected to be 1.70 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 1.60 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 1.60 percent in 2020, according to our econometric models.