Slovakia's industrial production advanced 7.8 percent over a year earlier in July of 2021, easing from a 13.8 percent jump in the prior month and just beating market expectations of a 7.7 percent hike. Production increased in 12 out of 15 activities, with 9 of those seeing output rise above its July 2019 level. The strongest growth rates were recorded in manufacture of basic metals & fabricated metal products (31.4 percent vs 40.2 percent in June); machinery & equipment (25.6 percent vs 23.8 percent); coke & refined petroleum products (10.6 percent vs -17.7 percent); and chemical & chemical products (9.4 percent vs 1.4 percent). On a seasonally adjusted monthly basis, industrial production rose 1 percent. source: Statistical Office of the Slovak Republic

Industrial Production in Slovakia averaged 4.98 percent from 2001 until 2021, reaching an all time high of 69.10 percent in April 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 September 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. In the long-term, the Slovakia Industrial Production is projected to trend around 2.20 percent in 2022, according to our econometric models.

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Slovakia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
7.80 13.70 69.10 -42.00 2001 - 2021 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-10 07:00 AM Apr 69% 24.6% 66% 53%
2021-07-09 07:00 AM May 36.7% 69.1% 33.6% 45%
2021-08-10 07:00 AM Jun 13.7% 36.7% 9.9% 13.5%
2021-09-10 07:00 AM Jul 7.8% 13.8% 7.7% 5%
2021-10-08 07:00 AM Aug 7.8% 2.1%
2021-11-10 08:00 AM Sep
2021-12-10 08:00 AM Oct


News Stream
Slovak Industrial Output Rises More than Expected
Slovakia's industrial production advanced 7.8 percent over a year earlier in July of 2021, easing from a 13.8 percent jump in the prior month and just beating market expectations of a 7.7 percent hike. Production increased in 12 out of 15 activities, with 9 of those seeing output rise above its July 2019 level. The strongest growth rates were recorded in manufacture of basic metals & fabricated metal products (31.4 percent vs 40.2 percent in June); machinery & equipment (25.6 percent vs 23.8 percent); coke & refined petroleum products (10.6 percent vs -17.7 percent); and chemical & chemical products (9.4 percent vs 1.4 percent). On a seasonally adjusted monthly basis, industrial production rose 1 percent.
2021-09-10
Slovak Industrial Output Growth Beats Forecasts
Slovakia's industrial production grew 13.7 percent over a year earlier in June of 2021, following a 36.7 percent jump in May and beating market expectations of a 9.9 percent rise. Production went up for 13 out of 15 activities, in particular the manufacture of metals and metal structures (40.3 percent), machinery and equipment (23.5 percent) and rubber and plastic products (18.5 percent). On a seasonally adjusted monthly basis, industrial production advanced by 3 percent. Considering the first half of the year, industrial activity rose by 19.3 percent.
2021-08-10
Slovakia Industrial Output Beats Forecasts in May
Slovakia's industrial production increased 39.7 percent year-on-year in May of 2021, following an upwardly revised 69.1 percent surge in the previous month and faster than market expectations of a 33.6 percent jump. It was the second largest expansion in industrial output on records, due to baseline effects caused by the pandemic outbreak last year, as output remained 10 percent below pre-pandemic levels. Production went up for 13 out of 15 activities, mostly from manufacturing production (43.2 percent vs 78.3 percent in April), where the strongest contribution was manufacturing of transport equipment (57.2 percent vs 320.9 percent), despite partial outages in the auto industry because of the global semiconductor chip shortage. Meanwhile, production of utilities also advanced (9.0 percent vs 35.5 percent), while mining & quarrying output fell (-2.7 percent vs 25.5 percent). On a seasonally adjusted monthly basis, industrial output decreased 2.4 percent.
2021-07-09
Slovakia Industrial Output Growth at Record High
Slovakia's industrial production surged 69.0 percent over a year earlier in April of 2021, following an upwardly revised 24.6 percent rise in March and beat market expectations of a 66.0 percent jump. It was the largest expansion in industrial output on records, due to a low base effect created by the first lockdown measures in the previous year. In April, 6 out of 15 activities reached pre-pandemic activity levels. Main upward pressure came from manufacturing production (78.2 percent vs 25.2 percent in March), bolstered by manufacturing of transport equipment (320.6 percent vs 58.5 percent); followed by utilities (35.3 percent vs 22.2 percent), and mining output (25.5 percent vs 13.4 percent). On a seasonally adjusted monthly basis, industrial output decreased 1 percent.
2021-06-10

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.