Money in Slovakia

Slovakia Money | Economic News & Forecasts

Slovakia - Money

On 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 - Money Data

2013  2014  2015  2016  2017  
Money (annual variation in %)6.2  5.2  11.1  5.2  6.2  

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Slovakia Money Chart


Slovakia Money

Slovakia Facts

ValueChangeDate
Bond Yield0.55-4.12 %Feb 21
Exchange Rate1.130.65 %Feb 21
Stock Market3390.0 %Feb 21

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