The production of transport equipment reached only 21.1% of the volume in April 2020 compared to the same period last year.
In April, industrial production reached an all-time low since the establishment of the independent Slovak Republic, falling by 42% year-on-year. The decrease was mainly due to a sharp decrease in the production of transport equipment by 78.9%. This situation was significantly affected by the cessation or restriction of production at four Slovak car manufacturers as well as production restrictions at subcontractors throughout the automotive industry, which responded to the measures taken against the spread of COVID-19 in Europe.
Industrial production (IndP) fell by 42% year on year in April. Development by SK sections of NACE Rev. 2 was affected by a decrease in industrial production by 47.4%, supply of electricity, gas, steam and cold air by 3.7% and in mining and quarrying by 0.3%.
Of the total of 15 special groupings of industrial branches, the most significant decrease was recorded in manufacture of vehicles by 78.9%, manufacture of rubber and plastic products and other non-metallic mineral products by 42.9%, manufacture of machinery and equipment (not included in specific group) by 34.5%, manufacture of basic metals and of metal structures except machinery and equipment by 26.2% and manufacture of electrical equipment by 41.8%.
|Industrial production in 2020 compared to the same period last year – adjusted for the effect of the number of working days||January||February||March||April||Average from January to April|
|Mining and quarrying||116,8||117,9||107,2||99,7||109,8|
|Manufacture of food products, beverages and tobacco products||98,1||101,6||100,8||81,6||95,1|
|Manufacture of textiles, apparel, leather and related products||87,4||89,5||74,8||58,7||77,7|
|Manufacture of wood and paper products, and printing||97,3||104,3||94,6||74,8||92,4|
|Manufacture of coke, and refined petroleum products||92,8||104,9||94,0||93,5||96,4|
|Manufacture of chemicals and chemical products||101,8||99,0||98,3||88,9||97,0|
|Manufacture of pharmaceuticals, medicinal chemical and botanical products||64,4||74,8||87,2||59,6||71,0|
|Manufacture of rubber and plastics products, and other non-metallic mineral products||98,6||102,5||83,9||57,1||84,6|
|Manufacture of basic metals and fabricated metal products, except machinery and equipment||91,1||100,0||90,8||73,8||88,9|
|Manufacture of computer, electronic and optical products||71,3||86,8||58,6||55,3||67,7|
|Manufacture of electrical equipment||119,0||118,2||105,3||58,2||99,0|
|Manufacture of machinery and equipment n.e.c.||94,0||90,0||81,8||65,5||82,8|
|Manufacture of transport equipment||109,6||92,3||61,7||21,1||70,3|
|Other manufacturing, and repair and installation of machinery and equipment||88,6||90,3||69,1||53,8||74,3|
|Electricity, gas, steam and air-conditioning supply||105,6||105,8||89,6||96,3||99,4|
According to the main industrial groupings, compared to April 2019, the production of capital goods decreased by 62.8%, the production of durable goods by 52.7%, the production for intermediate consumption by 32.2%, the production of non-durable goods by 30.3% and the production related to energy by 5.1%.
After adjusting for seasonal effects, industrial production in April 2020 decreased by 26.6% compared to March 2020.
In summary, from the beginning of the year to the end of April, IndP decreased by 15.9% year-on-year, of which in industrial production by 18.6% and in electricity, gas, steam and air conditioning supply by 0.6%. Production increased in mining and quarrying by 9.8%.
Of the special groupings of industries that contributed the most to the overall decline in production, the most significant decrease was in the manufacture of transport equipment by 29.7%, manufacture of machinery and equipment (not included in specific group) by 17.2%, manufacture of rubber and plastic products and other non-metallic mineral products by 15.4%, manufacture of basic metals and fabricated metal products except machinery and equipment by 11.1% and manufacture of computer, electronic and optical products by 32.3%. Production increased in mining and quarrying by 9.8%.
According to the main industrial groupings, the production of durable goods decreased by 34.2%, the production of capital goods by 24.7%, the production of non-durable goods by 14.2%, the production for intermediate consumption by 9.3% and the production related to energy by 1.8%.
Source: Statistical office of the Slovak republic, https://bit.ly/38lFp20