Current Account in Slovakia
Slovakia - Current AccountOn the heels of a robust third quarter, momentum appears to have partly carried over into the fourth quarter, powered by strong domestic activity. Retail sales surged in the October-November period, buttressed by softer price pressures and the unemployment rate hitting a new historical low. Meanwhile, fixed investment likely softened at year-end, with major projects within the all-important car industry wrapping up. On the supply front, industrial production lost steam in November, after seven months of impressive expansion. This was a result of slower demand from Germany, a key partner in the European automobile supply chain. Exports consequently decelerated somewhat in Q4, whereas a rise in imports is seen weighing on external gains. In the political arena, a new employment law came into effect on 1 January, including a rise in the minimum wage which should support household spending ahead.
Slovakia - Current Account Data
|Current Account (% of GDP)||1.9||1.0||-1.7||-1.4||-2.2|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Current Account Chart
Source: Bank of Slovakia.
|Bond Yield||0.50||-4.12 %||Feb 20|
|Exchange Rate||1.13||0.65 %||Feb 20|
|Stock Market||339||0.0 %||Feb 20|
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.
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.