Consumption in Slovakia

Slovakia Consumption | Economic News & Forecasts

Slovakia - Consumption

Growth decelerates sharply in Q4 to over one-year low

Economic growth appears to have hit the brakes in the fourth quarter. According to preliminary data released by the Central Statistics Office (KSH) on 14 February, the economy expanded 3.6% annually in Q4, down from Q3’s 4.6% increase, marking the lowest reading in over a year. On seasonally-adjusted quarter-on-quarter basis, GDP growth in the fourth quarter inched down to 0.8%, from Q3’s revised 1.1% expansion.

Although a breakdown by components is not yet available, fixed investment likely eased in Q4 due to completed projects in the all-important automobile sector a quarter earlier. Meanwhile, slower demand from Germany—a key partner in the European supply chain—drove a deceleration of exports at year-end, likely dragging on the fourth-quarter result.

More detailed data will be released on 7 March.

Met the why particular Consensus Forecast panelists expect growth to reach 3.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects economic growth will moderate to 3.2%.

Slovakia - Consumption Data

2013  2014  2015  2016  2017  
Consumption (annual variation in %)-0.8  1.4  2.3  2.6  3.7  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Slovakia Facts

Bond Yield0.50-4.12 %Feb 20
Exchange Rate1.130.65 %Feb 20
Stock Market3390.0 %Feb 20

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form