Slovakia: Industrial output drops at sharpest rate since June 2020 in March
May 10, 2022
Industrial output plunged 7.3% in year on year terms in March, which was a deterioration from February's 0.2% decrease. The outturn marked the worst reading since June 2020. March's notable downturn came on the back of contractions in manufacturing, and mining and quarrying output.
On a monthly basis, industrial output dove 5.3% in seasonally-adjusted terms in March, which was notably greater than February’s 2.2% fall and marked the worst result since April 2020. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 8.0% in March, down from February's 10.9%.