Industry in Slovakia

Slovakia Industry | Economic News & Forecasts

Slovakia - Industry

Industrial activity shrinks in June

Industrial production shrank 5.7% year on year in June (May: +1.1% yoy). Looking at the details of the release, the decline was largely due to contractions in the energy and manufacturing sectors. Notably, however, growth in the machinery and equipment subsectors softened the overall downturn in the key manufacturing sector.

On a monthly basis, industrial production fell 1.8% in seasonally-adjusted terms in June, contrasting May’s 2.1% expansion. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at an over one-year low of minus 0.5% in June, contrasting May's plus 1.1% reading.

FocusEconomics Consensus Forecast panelists project industrial production to grow 1.3% in 2022, which is down 1.9 percentage points from last month’s forecast. For 2023, the panel sees industrial production expanding 3.8%

Slovakia - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)6.7  4.6  3.3  4.3  0.5  

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Slovakia Industry Chart


Slovakia Industry
Note: Annual variation of industrial production in %.
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.

Slovakia Facts

Value Change Date
Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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