Skip to main content link using access key S.
Statistical Office SR
Industrial production in April 2023
Print Mail TW FB WA

Industrial production in April 2023

Last update: 09.06.2023
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Industry
Publish Date: 09.06.2023

Slovak industry slowed down again in April, not even the higher manufacture of transport equipment could positively affect the result

In the fourth month, most sectors of industrial production struggled with significant year-on-year declines, which generally could not be covered even by the growth of the crucial manufacture of transport equipment as well as manufacture of metals. The key sector of the economy had its second-lowest April performance since 2016, right after the 2020 Covid-19 shutdown.

Illustrative image – graph

Download high resolution chart format PDF (71 kB) or PNG (137 kB).

Industrial production1) of the SR decreased by 2% year-on-year in April 2023. The industry thus continued the stagnation at the end of last year and the beginning of this year. The key sector of the Slovak economy in April 2023 produced a value that was only less than 3% above the average performance in 2015. In a long-term comparison, this was the worst April performance since 2016, with the exception of 2020, when the onset of the pandemic completely stopped production in some sectors. Comparison with the average of 2015 (the so-called base index) enables an objective assessment of the industry's performance over a longer period of time.

The most significant decrease was recorded in manufacture of rubber and plastic products by 9.4%. The influence of sectors is expressed through the so-called contributions3), which take into account the rate of an increase/decrease combined with the weight of the sector in industrial structure and enable the hierarchization of the effects of individual sectors, this was an impact of minus 1.05 percentage points (p.b.) on the result of the sector.

This was followed by the impact of more than a quarter decrease in manufacture of computer, electronic and optical products (contribution -0.60 p.p.), further more than a 15% decrease in manufacture of wood and paper products (contribution -0.57 p.p.), and a decrease of less than 8% in manufacture of food, beverages and tobacco products (contribution -0.39 p.p.).

However, the cumulative effect of the decrease in the performance of 9 out of 13 monitored groupings of industrial sectors (special groupings)2) of industry was largely dampened by the fact that the most important structures were in positive numbers and that in pharmaceutical industry there is a growth in manufacture of transport equipment by 7.9% (contribution +1.82 p.p.), a high year-on-year performance increase by more than 43% in manufacture of basic pharmaceutical products and preparations (contribution +0.32 p.p.), and a very moderate growth just above zero in manufacture of basic metals and fabricated metal products and in manufacture of machinery.

On a month-on-month basis (compared to March 2023), after seasonal adjustment, industrial production decreased by 1.2%.

In terms of breakdown according to the main industrial groupings, only the production of investment funds increased by 3.8% year-on-year. Other components were in year-on-year decline, namely production of durable goods by almost 16%, production for intermediate consumption by 6%, production related to energy by 4% and production of short-term consumption goods by 2%.

In total, for the four months of 2023, industrial production decreased by 3.1% year-on-year. The most significant impact was the growth in manufacture of transport equipment by 7.4% (contribution +1.83 p.p.), which, with the support of milder growth in the other four sectors2) of industrial production, at least partly compensated for the declines in most sectors of industry, with the most influential decline in manufacture of rubber and plastic products by 9.1% (contribution -0.94 p.p.) and in manufacture of computer, electronic and optical products by 28.5% (contribution -0.72 p.p.).

  • 1) The indicator expresses the change in the volume of production in kind. The data are adjusted by the number of working days by the DEMETRA+ program, the data from the beginning of the time series are adjusted every month.
  • 2) Structure of industry according to the Statistical Classification of Economic Activities- NACE Rev. 2 consists of three sections - Mining and quarrying, Manufacturing and Electricity, Gas and Air Conditioning Supply. Manufacturing is further divided into 13 divisions, or individual industrial groupings.
  • 3) The exact names of the individual industrial sectors as well as their special industrial groupings are in the methodology
  • 4) The contribution represents a hierarchical distribution of the current value of an increase or decline of the whole industry into individual industries / industrial groupings. They take into account not only a % percentage increase or decline in production, but also the weight (share) of the industry in the Slovak industry.

Data source: DATAcube. database:

  • Issued by :

  • Statistical Office of the SR
  • Lamačská cesta 3/C
  • 840 05 Bratislava 45
  • Slovak Republic
  • Information Services :

  • tel. +421 2 50 236 339
  • +421 2 50 236 335
  • e-mail:

While publishing of the whole information report or its parts, please state the source of information, the Statistical Office of the Slovak Republic. The Statistical Office of the SR creates high-quality statistics useful for society according to 16 principles regarding the institutional environment, statistical processes and outputs in line with the Code of Practice for European Statistics.

/wps/portal/ext/products/informationmessages/inf_sprava_detail Industrial production in April 2023 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail