Slovakia Industrial Output Tumbles in March

Manufacturing

Industrial production in Slovakia tumbled 6.9% year-on-year in March from an upwardly revised 0.1% rise in the previous month, data from the Slovak Statistical Office (SÚSR) showed on Friday.

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%. 

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