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Industrial production in May 2020

Industrial production in May 2020

Last update: 10.07.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Sectoral statistics
Domain: Industry
Publish Date: 10.07.2020

In May, Slovak industry still accounted for only two-thirds of its last year's production, the car production was less than half.

Despite the fact that the performance of Slovak industry in May 2020 compared with April 2020, increased by almost 20 %, the total industrial production of the Slovak Republic reached only two thirds of the volume compared with last May.  The overall result was most significantly affected by the year-on-year drop in the production of transport equipment was by 56,9 %. The overall result was also favorably affected by high growth in the production of coke and refined petroleum products, which, however, is related to last year's production shutdown of one of the large producers.

In Mayindustrial production (IP) decreased by 33,5 %, year-on-year. The development according to the sections (3 sections of the SK NACE Rev. 2) was affected by a drop in manufacturing by 37,6 %, in electricity, gas, steam and air-conditioning supply by 5 % and in mining and quarrying by 9 %.

From the total of 3 sections and 13 specific groupings of the industrial sectors, 8 groupings recorded a larger decrease in May by 25 %.

As regards the specific groupings of the industrial sectors, which contributed the most to the total production fall, the most significant decrease was recorded in manufacture transport equipment by 56,9 %, manufacture of rubber and plastic products and other non-metallic mineral products by 35,5 %, manufacture of basic metal and fabricated metal products except machinery and equipment by 32,6 %, manufacture of electrical equipment by 42,2 % and manufacture of machinery and equipment n.e.c. by 32,8 %. The whole production was affected by a growth in manufacture of coke and refined petroleum products by 125,2 % which is, however, due to the last year´s low performance of the sector.

Compared with May, in terms of the main industrial groupings, production of investment goods dropped by 48,9 %, production of durable products by 39,8 %, production of intermediate goods by 31,4 % and production of non-durable consumer goods by 19,3 %. Production related to energy was higher by 6,5 %.

After seasonal adjustment, industrial production increased by 19,7 % in May 2020 compared with April 2020.

Since the beginning of the year, IP decreased, year-on-year, by 19,5 %, of which in manufacturing by 22,5 % and in electricity, gas, steam and air-conditioning supply by 1,4 %. Production rose in mining and quarrying by 5,6 %.

As regards the specific groupings of the industrial sectors, which contributed most to the total production fall, the most significant decrease was recorded in manufacture transport equipment by 35,5 %, manufacture of rubber and plastic products and other non-metallic mineral products by 19,8 %, manufacture of machinery and equipment n.e.c. by 20,2 %, manufacture of basic metal and fabricated metal products except machinery and equipment by 15,6 % and in other manufacture, repair and installation of machinery and equipment by 29,2 %. Production rose in manufacture of coke and refined petroleum products by 9,2 % and in mining and quarrying by 5,6 %.

In terms of the main industrial groupings, production of durable consumer goods dropped by 35,3 %, production of investment goods by 29,7 %, production of non-durable consumer goods by 15,3 % and production of intermediate goods by 14,1 % and production related to energy by 0,4 %.


Note: preliminary data; industrial production represents volume production changes in its natural expression. Data are adjusted from the influence of the number of working days by program JDEMETRA+ and during processing of every month they are back-casted from the beginning of the time series. In May 2020, the number of working days was lower by 2 days compared with the corresponding period in 2019 and also from the beginning of the year.

 

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  • Slovak Republic
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