Slovakia Economic Outlook
September 25, 2018A second estimate of national accounts shows that GDP growth strengthened in the second quarter, posting the strongest reading in two-and-a-half years. The expansion benefited from an outstanding showing from the external sector and surging fixed investment, both of which can be attributed to the buoyant performance of the car industry. According to available data, the economy appears to have remained reasonably robust in the third quarter. In July, the unemployment rate reached a new multi-year low, while growth in retail sales jumped; this, coupled with some improvement in consumer confidence, suggests household spending could have accelerated in Q3 following a feeble second quarter. Moreover, in the same month, exports continued to surge and construction activity remained vigorous. However, industrial production weakened in July, as was observed across the Eurozone, while sentiment in the industrial sector deteriorated in August.
Slovakia Economic GrowthGrowth should remain robust next year, underpinned by solid macroeconomic fundamentals. Consumer spending will be boosted by a solid labor market, while fixed investment should continue to benefit from a strong car industry. Moreover, fiscal consolidation is set to continue. Upside risks stem from a relocation of factories to central Europe following Brexit, while escalating trade tensions cloud the outlook. Met the why particular panelists project GDP will expand 3.8% in 2018 and 3.6% in 2019, unchanged from last month’s estimate.
Slovakia Economy Data
5 years of Slovakia economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.73||-4.12 %||Oct 16|
|Exchange Rate||1.16||0.65 %||Oct 16|
|Stock Market||336||0.0 %||Oct 16|
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Slovakia Economic News
October 11, 2018
Industrial production expanded 2.1% year-on-year in August, marginally down from July’s 2.2% increase.
September 18, 2018
Consumer prices grew 0.2% month-on-month in August, contrasting July’s 0.1% dip—which had represented the first drop in prices in over a year.
September 12, 2018
Industrial production expanded 2.0% year-on-year in July, down from June’s revised 2.2% increase (previously reported: +2.1% year-on-year).
September 7, 2018
Detailed national accounts data released on 7 September showed that the economy grew 4.2% year-on-year in the second quarter, revised up from the preliminary reading of 4.1%.
August 17, 2018
Consumer prices fell 0.1% month-on-month in July, reversing June’s 0.1% increase and the first drop in prices in over a year.