Slovakia Industrial Production

Slovakia's industrial production plunged 3.9 percent from a year earlier in October of 2019, following a 2.5 percent decline in the previous month and against market expectations of a 1.0 percent fall, as manufacturing production continued to decrease (-5.2 percent vs -3.1 percent in September). In contrast, output advanced faster for mining & quarrying (13.9 percent vs 2.1 percent) and electricity, gas, steam and air conditioning supply (5.0 percent vs 2.6 percent).

Slovakia's industrial production fell 2.5 percent from a year earlier in September 2019, following an 8.1 percent fall in the previous month and missing marker expectations of a 0.9 percent rise. Output declined less for manufacturing (-3.1 percent from -9.5 percent in August), of which transport equipment (-9.5 percent from -14.1 percent), rubber, plastic products and other non-metallic mineral products (-8.6 percent from -25.6 percent), and basic metals and fabricated metal products (-8.6 percent from -18.2 percent). Also, output rebounded for computer, electrical and optical products (1.1 percent from -7.2 percent) and machinery and equipment (5.3 percent from -2.5 percent) Additionally, production of electricity, gas, steam and air conditioning supply advanced further (2.7 percent from 1.9 percent).

Slovakia's industrial production plunged 8.1 percent from a year earlier in August 2019, following a 2.8 percent growth in the previous month and missing market expectations of a 2.7 percent increase. That was the steepest month of contraction in output since July 2016, led by declines in transport equipment (-14.1 percent vs -5.8 percent), rubber and plastic products and other non-metallic mineral products (-25.6 percent vs 10.7 percent), basic metals and fabricated metal products (-18.2 percent vs -14.5 percent), computer, electrical and optical products (-7.2 percent vs -1.4 percent) and machinery and equipment (-2.5 percent vs 19.3 percent).

Slovakia's industrial production rose 2.8 percent year-on-year in July 2019, following a downwardly revised 1.9 percent fall in the previous month and beating market forecasts of a 0.5 percent gain. Manufacturing output increased 2.7 percent, rebounding from a 3.9 percent decline in June, namely pharmaceuticals, medicinal chemical & botanical products (0.9 percent from -21.3 percent), rubber & plastic, and other non-metallic products (10.7 percent from -11.7 percent), and food, beverages & tobacco (11.4 percent from 7.2 percent). Also, mining production advanced further (14 percent from 10.9 percent). On the other hand, electricity, gas, steam & air conditioning supply output went up 1.4 percent, easing from a 15.1 percent rise in the prior month. On a seasonally adjusted monthly basis, industrial production increased 0.7 percent. Year-to-date, industrial production grew 4.6 percent over a year earlier.

Slovakia's industrial production decreased 2.1 percent year-on-year in June 2019 compared to a 4.7 percent rise in the prior month and missing market expectations of a 5.9 percent growth. It was the steepest downturn in industrial activity since April 2017, as manufacturing shrank (-4.1 percent vs 2.7 percent in May) and electricity, gas, steam & air conditioning supply rose slightly less (15.1 percent vs 23.2 percent). Meanwhile, the mining sector increased at a faster pace (10.9 percent vs 8.7 percent). On a seasonally adjusted monthly basis, industrial activity went down 1.4 percent. On a seasonally adjusted monthly basis, industrial activity went down 1.4 percent. Year-to-date, industrial production grew 4.9 percent over a year ago.

Slovakia's industrial production growth slowed to 4.7 percent year-on-year in May 2019 from an upwardly revised 7 percent in the previous month and below market expectations of a 5.3 percent gain. Manufacturing output rose at a softer pace (2.7 percent compared to 7.2 percent in April), of which coke, & refined petroleum products (-61 percent compared to 6.6 percent), rubber & plastic and other non-metallic mineral products (-5.7 percent compared to -2.5 percent), computer, electronic & optical products (-8.5 percent compared to 1.5 percent), food, beverages and tobacco products (5.8 percent compared to 20.7 percent), transport equipment (10.4 percent compared to 12.8 percent), and machinery & equipment (10.4 percent compared to 18.6 percent). Meanwhile, production advanced further for mining & quarrying (8.6 percent compared to 0.3 percent) and electricity, gas, steam & air conditioning supply (23.3 percent compared to 6.8 percent).