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Industrial production in November 2021
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Industrial production in November 2021

Last update: 10.01.2022
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Sectoral statistics
Domain: Industry
Publish Date: 10.01.2022

After two months of decline, the industry grew again year-on-year, thirteen of its 15 manufacturing activities recorded positive numbers

In November 2021, Slovak industry returned to positive numbers and recorded a year-on-year increase of more than 4 %. At the same time, it exceeded the pre-pandemic values by almost 7 %. A year-on-year decline was reflected only in the strongest manufacturing activity, manufacture of transport equipment and in less significant one mining and quarrying. Six of the 15 manufacturing activities did not yet reached the production recorded in November 2019.

After a two-month decline to negative numbers, industrial production rose again by 4.3 %, year on year, in November. Even more significantly, it also exceeded the pre-pandemic level (November 2019) by 6.7 %. After adjusting for seasonal effects, industrial production increased by 3.5 % month-on-month.

The pandemic and its effects caused specific fluctuations in industrial production in individual months of 2020, therefore the SO SR also presents a comparison with the values ​​before the pandemic, i.e. with November 2019.

As for the manufacturing activities that contributed the most to the total growth of production, the most significant increase was recorded in supply of electricity and gas (by 11.7 %). This activity recorded significant year-on-year increases since June 2020. A rise in manufacture of machinery and equipment (by 15.3 %) also continued for the twelfth month in a row. A growth of the total production was also affected by manufacture of metals and fabricated metal products (by 11.5%) and manufacture of rubber and plastic products (by 9.8 %). These four manufacturing activities also significantly exceeded the production recorded in November 2019.

The total industrial production continued to be affected by a decrease in manufacture of transport equipment (by 10.8 %) and in mining and quarrying (by 19 %). Despite the shortage of production materials in the automotive industry, a decline in manufacture of transport equipment has been moderated for the third month in a row. In November, a year-on-year decline in production reached only 11 %, while in August it was up to 33 %. Less than 8 % were missing to reach the production recorded in November 2019.

According to the main industrial groupings, compared to November 2020, production of non-durable consumer goods increased by 15.3%, production of durable consumer goods by 12.4 %, production related to energy by 12.3 % and production of intermediate goods by 6.7 %. Production of capital goods fell by 3.2 %.

Since the beginning of the year, industrial production increased by 10.5 %, year-on-year, of which in manufacturing by 10.5 %. Last year, compared to the same period, it was a decrease of 10.3 %.

As for the manufacturing activities that contributed the most to the total growth of production, the most significant increase was in manufacture of basic metals and fabricated metal products (by 22.2 %), manufacture of machinery and equipment (by 23.9 %), electricity and gas supply (by 12.9 %), manufacture of rubber and plastic products and other non-metallic mineral products (by 11.4 %) and in manufacture of transport equipment (by 4.2 %). Production decreased in mining and quarrying (by 3.8 %), manufacture of coke and refined petroleum products (by 2.4 %) and in manufacture of basic pharmaceutical products (by 0.8 %).

According to the main industrial groupings, production of intermediate goods increased by 13.4 %, production of durable consumer goods by 13 %, production related to energy by 10.2 %, production of capital goods by 9 % % and production of non-durable consumer goods by 5.1 %.

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.
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  • 840 05 Bratislava 45
  • Slovak Republic
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