Slovak Industrial Output Falls Again in October

Industrial production in Slovakia dropped by 8.5% year-on-year in December 2025, deepening from a 4.5% fall in the previous month. This marked the third consecutive month of decline in industrial activity and the sharpest since December 2022, driven by a 25.8% drop (vs 18.8% in November) in electricity and gas supply, its steepest fall since March 2022, and a 22.1% decrease (vs -6.2%) in mining and quarrying. Additionally, manufacturing production declined further (-4.5% vs -2.4%), due to lower output for basic metals (-13.2% vs 5.3%), wood and paper products, and printing (-11.4% vs -6.8%), and machinery and equipment (-9.3% vs -4.4%). On a seasonally adjusted monthly basis, industrial output decreased by 4.9%. For the full year of 2025, overall industrial production declined by 3.1% compared last year, marking the seventh slowdown in the past 17 years, though it was the softest one.

Industrial production in Slovakia dropped by 4.5% year-on-year in November 2025, slipping further from a 3.8% fall in the previous month. This marked the second straight month of decline and the ninth contraction this year, led by electricity and gas supply, which plunged 18.8%, the sharpest fall since March 2022, following a 15.5% fall in October. Transport equipment output also weighed, dropping 6.7%, the third weakest monthly result since March 2024, partly due to a high comparison base. Meanwhile, the most positive impact came from metal production, rising 5.2% from 2.8% in the prior month. On a seasonally adjusted monthly basis, industrial output increased by 0.9%. Considering the January to November period, overall industrial production decreased by 2.6% compared with the same period last year, with electricity & gas supply, metal production, and machinery & equipment being the largest drags, while gains in transport equipment partially offset losses.

Slovakia’s industrial production fell 3.8% year-on-year in October 2025, continuing its downward trend after a brief 0.6% gain in September. Output declined the most in transport equipment manufacturing, which dropped 11%, the worst monthly result since March 2024, partly due to a high comparison base. Electricity and gas supply dropped 15.5%, while electrical equipment (-8%) and machinery & equipment (-6%) also declined. Meanwhile, the manufacture of chemicals rose over 39%. On a seasonally adjusted monthly basis, industrial output fell 2.5%. For the first ten months of 2025, overall industrial production declined 2.4% compared with the same period last year, with electricity & gas supply, metal production, and machinery & equipment being the largest drags, while gains in transport equipment partially offset losses. 7 of 15 sectors recorded declines, underscoring broad-based industrial weakness.