Slovakia's industrial production shrank by 4.9 percent year-on-year in September of 2021, following a 0.8 percent rise in the previous month and defying market expectations of a 0.3 percent increase. It was the steepest decline in industrial activity since June of 2020, led by mining & quarrying (-10.8 percent vs -9.2 percent in August) and manufacturing (-7.1 percent vs -0.5 percent), mostly transport equipment (-31.3 percent), amid the ongoing semiconductor crisis. Conversely, output continued to increase solidly for electricity, gas,steam and air conditioning supply (13 percent vs 11 percent). On a seasonally adjusted monthly basis, industrial production fell by 1.7 percent. Year-to-date, industrial production grew 12.9% compared to the same period a year ago. source: Statistical Office of the Slovak Republic

Industrial Production in Slovakia averaged 4.92 percent from 2001 until 2021, reaching an all time high of 69 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 December of 2021.

Industrial Production in Slovakia is expected to be 5.50 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-11 07:00 AM Aug 0.8% 7.8% 4.9% 4.7%
2021-11-10 08:00 AM Sep -4.9% 0.8% 0.3% 1%
2021-12-10 08:00 AM Oct -4.9% -5.9% -6%


Related Last Previous Unit Reference
Business Confidence 0.00 -4.70 points Nov/21
Industrial Production -4.90 0.80 percent Sep/21
Manufacturing Production -7.10 -0.50 percent Sep/21
Electricity Production 2300.00 2404.00 Gigawatt-hour Sep/21
Changes In Inventories 1.69 0.69 EUR Billion Sep/21
Mining Production -10.80 -9.20 percent Sep/21
New Orders 4345.70 3942.70 EUR Million Sep/21
Factory Orders 10.90 46.10 percent Jun/21

News Stream
Slovak Industrial Output Unexpectedly Slumps
Slovakia's industrial production shrank by 4.9 percent year-on-year in September of 2021, following a 0.8 percent rise in the previous month and defying market expectations of a 0.3 percent increase. It was the steepest decline in industrial activity since June of 2020, led by mining & quarrying (-10.8 percent vs -9.2 percent in August) and manufacturing (-7.1 percent vs -0.5 percent), mostly transport equipment (-31.3 percent), amid the ongoing semiconductor crisis. Conversely, output continued to increase solidly for electricity, gas,steam and air conditioning supply (13 percent vs 11 percent). On a seasonally adjusted monthly basis, industrial production fell by 1.7 percent. Year-to-date, industrial production grew 12.9% compared to the same period a year ago.
2021-11-10
Slovak Industrial Output Rises Less than Expected
Slovakia's industrial production increased by just 0.8 percent over a year earlier in August of 2021, easing from a 7.8 percent jump in the prior month and missing market expectations of a 4.9 percent rise. It was the seventh straight month of growth in industrial activity, although at the softest pace since February, as the low base effect fades. Whilst output continued to grow sharply for electricity, gas,steam and air conditioning supply (11.1 percent vs 9 percent in July), it fell for manufacturing (-0.5 percent vs 8 percent), mostly the car industry (-32.9 percent) amid the ongoing global shortage of semiconductors. Mining activity also declined further (-9.2 percent vs -7.6 percent).On a seasonally adjusted monthly basis, industrial production shrank 3.8 percent. Year-to-date, industrial production grew 15.5% compared to the same period a year ago.
2021-10-11
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

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.