Slovak turnover rises across all key sectors in February 2025

All five economic sectors regularly monitored by the Statistical Office of the Slovak Republic recorded year-on-year turnover growth in February 2025. The pace of growth accelerated in four of the sectors, pointing to steady momentum in the early part of the year.

Industry, a key component of the Slovak economy, reported a 6.7% year-on-year increase in turnover at constant prices. Out of 16 industrial branches observed, 12 posted growth. Notable gains were recorded in the manufacture of transport equipment, which rose by 11%, and in the production of computer, electronic, and optical products, which increased by 42%.

Turnover in construction also grew significantly, rising by 17.7% compared to the same period last year. This marks the third month in a row that the sector has posted double-digit gains.

Other monitored sectors also recorded positive results. Market services saw turnover rise by 5%, while transportation and storage increased by 2.7%. The information and communication sector grew more modestly, with turnover up by 1.3% year-on-year.

Month-on-month results, adjusted for seasonal effects, also showed increases in four sectors. Industry led with 6.7% growth, followed by construction at 1.9%, market services at 1.2%, and information and communication at 0.7%. Transportation and storage was the only sector to decline compared to the previous month, with a 0.7% drop.

For the first two months of 2025 combined, turnover was higher year-on-year across all five sectors. Industry rose by 3.7%, market services by 4.4%, transportation and storage by 5.1%, information and communication by 0.7%, and construction by 13.8%.

The data reflects continued strength in several parts of the Slovak economy, with construction and industrial production playing leading roles in overall turnover growth.

Source: SOSR