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||0.55||-4.12 %||Jan 30|
|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||332||0.0 %||Jan 30|
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April 17, 2019
Consumer prices rose 0.6% month-on-month in March, up from February’s 0.2% increase.
April 11, 2019
Industrial production rose 5.6% on an annual basis in February, moderating from January’s 7.2% increase.
March 15, 2019
Consumer prices rose 0.2% month-on-month in February, down from January’s 1.1% increase.
March 11, 2019
Industrial production rose 7.2% on an annual basis in January, markedly up from December’s revised 4.3% increase (previously reported: +3.1% year-on-year).
March 7, 2019
Detailed national accounts data released on 7 March showed that the economy grew 3.6% year-on-year in the fourth quarter, moderating from the third quarter’s 4.6% expansion and in line with analysts’ expectations.