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Industrial production in April 2020

Industrial production in April 2020

Last update: 10.06.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Sectoral statistics
Domain: Industry
Publish Date: 10.06.2020

Manufacture of transport equipment produced only 21,1 % of the volume in April, compared to the corresponding period last year.

In April, industrial production (IP) reached the historical minimum since the establishment of the independent Slovak Republic, decreasing by 42 % year-on-year. This fall was mainly affected by a sharp decrease in manufacture of transport equipment by 78,9 %. This situation was significantly influenced by a cessation or restriction of the production at four Slovak car manufacturers as well as the production restrictions at subcontractors in the car industry as a whole, which responded to the measures taken against the spread of the COVID-19 in Europe.

In April, industrial production (IP) decreased by 42 % year-on-year. The development according to the sections of SK NACE Rev. 2 was affected by a drop in manufacturing by 47,4 %, in electricity, gas, steam and air-conditioning supply by 3,7 % and in mining and quarrying by 0,3 %.

As regards the 15 specific groupings of the industrial sectors in total, the most significant drop was recorded in manufacture of transport equipment by 78,9 %, manufacture of rubber and plastic products and other non-metallic mineral products by 42,9 %, manufacture of machinery and equipment n.e.c. by 34,5 %, manufacture of metal and fabricated metal products except machinery and equipment by 26,2 % and manufacture of electrical equipment by 41,8 %.

Compared with April 2019, in terms of the main industrial groupings, production of investment goods decreased by 62,8 %, production of durable consumer goods by 52,7 %, production of intermediate goods by 32,2 %, production of non-durable consumer goods by 30,3 % and production relating to energy by 5,1 %.

After seasonal adjustment, industrial production decreased by 26,6 % in April 2020 compared with March 2020.

Since the beginning of the year to April, IP decreased, year-on-year, by 15,9 %, of which in manufacturing by 18,6 % and in electricity, gas, steam and air-conditioning supply by 0,6 %. Production rose in mining and quarrying by 9,8 %.

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 29,7 %, manufacture of machinery and equipment n.e.c. by 17,2 %, manufacture of rubber and plastic products and other non-metallic mineral products by 15,4 %, manufacture of metal and fabricated metal products except machinery and equipment by 11,1 % and manufacture of computer, electronic and optical products by 32,3 %. Production rose in mining and quarrying by 9,8 %.

In terms of the main industrial groupings, production of durable consumer goods dropped by 34,2 %, production of investment goods by 24,7 %, production of non-durable consumer goods by 14,2 % and production of intermediate goods by 9,3 % and production related to energy by 1,8 %.


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 April 2020, the number of working days was higher coincident compared with the corresponding period in 2019 and also from the beginning of the year.

 

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