Slovakia Industrial Output Falls 2% for Fourth Month

Slovakia's industrial production fell 2.0% in March, the fourth consecutive monthly decline. Output dropped across most monitored sectors. The manufacture of transport equipment recorded the steepest fall.

Industrial production tracks output from factories, mines, and utilities. It serves as a primary gauge of economic activity in the export-reliant country. The streak marks the longest stretch of contraction since late 2022.

The data add to a run of soft readings from Slovakia's manufacturing sector. Transport equipment, which includes automotive production, has been the main drag. No further sector-level breakdown was provided in the release.