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Country Report Slovakia Product Image

Country Report Slovakia

  • Published: June 2013
  • 34 Pages
  • The Economist Intelligence Unit

According to the Statistical Office of the Slovak Republic (SUSR), industrial output, adjusted for working days, grew by 2.2% year on year in April, up from 1.6% in March.

Of the 13 industrial sectors tracked by the SUSR, seven recorded increased output in April. The manufacture of electrical devices recorded the fastest pace of growth, up by 32.8% year on year, on account of newly concluded contracts related to the completion of the Mochovce nuclear-power plant-the largest investment project in Slovakia. Car production levels have started to rise again, following a significant slowdown in March. In April the manufacture of transport equipment rose by 4.7% year on year, up from 3.6% in March. Increased activity at the Bratislava-based Slovnaft oil refinery pushed up output of refined petroleum products by 8.4% year on year.

In contrast with previous months, manufacturing is now contributing more to total industrial output, which grew by 2.2% year on year in April, compared with 1.6% in March. However, falling output in mining and quarrying and non-durable consumer goods was a drag on growth, as was metals production, which fell by 0.3% year on year in April.

Country Report Slovakia

Industry may be seeing first signs of pick-up
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Analysis
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