Slovakia's industrial production climbed 24.5 percent over a year earlier in March of 2021, following a 1 percent rise in February and beating market expectations of a 21.5 percent jump. Since 2009, the Slovak industry has seen more than a 20 percent growth only in May 2010, when companies began to recover from the effects of the global financial crisis. In March, 13 out of 15 activities registered growth, while in nine of them a significant, double-digit increase was recorded. The exceptional improvement can be attributed to last year's weak March, when the industry was already hit by the effects of the coronavirus pandemic and the rapid recovery of the demand in the third month of this year. On a seasonally adjusted monthly basis, industrial output increased 0.5 percent. source: Statistical Office of the Slovak Republic
Industrial Production in Slovakia averaged 4.53 percent from 2001 until 2021, reaching an all time high of 24.50 percent in March of 2021 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 May of 2021.
Industrial Production in Slovakia is expected to be 4.80 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 5.50 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 2.20 percent in 2022, according to our econometric models.