It was the first fall in industrial activity since July 2023, as output further dropped for manufacturing (-9.7% vs -1.5%) and mining & quarrying (-41.7% vs -41.3%).

Meanwhile, output increased at a faster pace for electricity, gas, steam & air-conditioning supply (30.6% vs 23.1%).

On a seasonally adjusted monthly basis, industrial production decreased by 1.2% in March 2024.

In another report the Bratislava-based agency said, that construction output in Slovakia shrank 9.4% year-on-year in March, slipping further from a 0.4% fall in the previous month. This was the fourth consecutive month of contraction.

On a seasonally adjusted monthly basis, construction output was lower by 7.5%.