Industrial production in Slovakia rose 7.3 percent from a year earlier in March of 2019, following a 5.6 percent increase in the prior month. It was the biggest gain in industrial activity since March of 2017, as output advanced faster for manufacturing (7 percent from 5.5 percent in February), namely coke, and refined petroleum products (59.5 percent from 4.5 percent) and computer, electronic and optical products (6.7 percent from 2.4 percent); and electricity, gas, steam & air conditioning supply (13.1 percent from 7.1 percent). On the other hand, production of mining & quarrying fell by 13.2 percent, after a 0.2 percent gain in the previous month. Considering the first quarter, industrial production advanced 6.7 percent over a year ago. Industrial Production in Slovakia averaged 5.49 percent from 2001 until 2019, reaching an all time high of 22.10 percent in August of 2006 and a record low of -27 percent in January of 2009.
Industrial Production in Slovakia is expected to be 1.90 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 1.70 in 12 months time. In the long-term, the Slovakia Industrial Production is projected to trend around 1.60 percent in 2020, according to our econometric models.