Slovakia Industrial Output Falls More Than Expected

Industrial production in Slovakia dropped by 2.9% year-on-year in February 2026, a steeper decline than the expected 0.6% drop, reversing a 2.5% increase in the previous month. The downturn was broad-based, with 9 out of 15 monitored industrial sectors posting annual declines. The largest drag came from the manufacture of transport equipment, which fell by 7.3% after a 3.9% gain in January. Additional downward pressure came from the manufacture of basic metals (-5.0% vs 2.3%) and refined petroleum products (-26.6% vs 11.0%). The overall decline was partly offset by gains in the manufacture of chemicals (+13.8%) and other manufacturing (+11.1%), while food production also rose by around 6.0%. On a seasonally adjusted monthly basis, industrial output increased by 0.3%.

Industrial production in Slovakia rose 2.7% year-on-year in January 2026, rebounding from an 8.5% drop in December. This marked the first growth in four months and the strongest performance since last March, with 11 of the 15 monitored industrial sectors recording annual growth. Notably, there was a sharp recovery in electricity and gas supply (16.5% vs -25.8% in December). Manufacturing activity also rebounded 0.9% after a 4.6% decline, supported by higher output of refined petroleum products (11% vs -7.6%) and basic metals and fabricated metal products (2.3% vs -13.1%). Production of transport equipment also recovered (4.7% vs -2.8%), with car manufacturing exceeding its output from the previous year after three months of decline. Meanwhile, output in mining and quarrying fell 11.5%, the same rate as in December. On a seasonally adjusted monthly basis, industrial output declined 1.2%.

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.