Consumption in Slovakia
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
|Consumption (annual variation in %)||-0.8||1.4||2.3||2.6||3.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.50||-4.12 %||Feb 20|
|Exchange Rate||1.13||0.65 %||Feb 20|
|Stock Market||339||0.0 %||Feb 20|
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February 14, 2019
Economic growth appears to have hit the brakes in the fourth quarter.
February 11, 2019
Industrial production rose 3.1% on an annual basis in December, a tad below November’s 3.3% rise.
January 15, 2019
Consumer prices dropped 0.1% month-on-month in December, matching November’s reading.
January 11, 2019
Industrial production rose 3.3% on an annual basis in November, decelerating from October’s logged 6.2% increase.
December 14, 2018
Consumer prices dropped 0.1% month-on-month in November, contrasting October’s 0.1% increase.