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.

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Slovakia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-33.50 -42.00 22.10 -42.00 2001 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-09 07:00 AM Industrial Production YoY Feb -1.5% 0.5% 0.8% 0.7%
2020-05-11 07:00 AM Industrial Production YoY Mar -19.6% -1.7% -2.8%
2020-06-10 07:00 AM Industrial Production YoY Apr -42% -19.6% -33.3% -30%
2020-07-10 07:00 AM Industrial Production YoY May -33.5% -42% -27.5% -30.8%
2020-08-10 07:00 AM Industrial Production YoY Jun -33.5% -21.5%
2020-09-10 07:00 AM Industrial Production YoY Jul
2020-10-09 07:00 AM Industrial Production YoY Aug
2020-11-11 08:00 AM Industrial Production YoY Sep -8.5%


News Stream
Slovak Industrial Downturn Eases in May
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.
2020-07-10
Slovak Industrial Output Falls the Most on Record
Slovakia's industrial production plummeted 42.0 percent from a year earlier in April 2020, following a 19.6 percent slump in the previous month and compared with market expectations of a 33.3 percent drop. That was the steepest contraction ever recorded led by declines in transport equipment (-78.9 percent), rubber and plastic products and other non-metallic mineral products (-42.9 percent), machinery and equipment (-34.5 percent), metal and fabricated metal products (-26.2 percent), and electrical equipment (-41.8 percent).
2020-06-10
Slovak Industrial Output Shrinks the Most since 2009
Industrial production in Slovakia plummeted 19.6 percent year-on-year in March of 2020, following an upwardly revised 1.7 percent fall in the previous month. This was the steepest decline in industrial activity since May of 2009, amid lockdown measures to contain the spread of the coronavirus outbreak. Output fell sharply for manufacturing (-21.4 percent vs -3.2 percent in February) and electricity, gas, steam and air conditioning supply (-10.4 percent vs 5.8 percent). Also, mining activity rose much less (7.2 percent vs 17.9 percent). On a seasonally adjusted monthly basis, industrial production tumbled 20.2 percent. Considering the first quarter of the year, industrial production slumped 7.3 percent compared to the same period a year ago.
2020-05-11
Slovakia Industrial Output Unexpectedly Rebounds in January
Industrial production in Slovakia increased by 0.5 percent year-on-year in January of 2020, following a revised 6.9 percent fall in the previous month and against market expectations of a 4.0 percent fall. Mining & quarrying production advanced faster (16.8 percent vs 9.7 percent in December) while electricity, gas, steam and air conditioning supply rebounded (5.6 percent vs -1.9 percent). In addition, manufacturing production declined at a softer pace (-0.6 percent vs -8.2 percent).
2020-03-10

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.