Slovakia Economic Outlook
March 26, 2019A detailed release confirmed a deceleration in the fourth quarter of last year as exports lost momentum, dragged by a broad-based pullback across the Eurozone. Domestic demand, however, continued to buttress growth in Q4: Amid lower inflation and all-time low unemployment, fixed investment rebounded and household spending accelerated. Moreover, turning to Q1 2019, retail sales gained steam in January, despite negative consumer sentiment, while industrial production climbed at the start of the year owing to soaring output in the all-important car sector. In the political arena, Zuzana Caputova, a center-left independent pro-European candidate, is poised to win the presidential election amid increasing disaffection with Smer, Slovakia’s biggest party.
Slovakia Economic GrowthGrowth is expected to moderate this year amid easing fixed investment due to completed manufacturing projects in the all-important car industry. Nevertheless, household spending is seen supporting growth, aided by subdued inflation and a tight labor market. Moreover, despite lingering global trade uncertainties, most panelists expect exports to gain steam this year. Met the why particular analysts expect growth of 3.7% in 2019, which is unchanged from last month’s forecast, and 3.2% in 2020.
Slovakia Economy Data
5 years of Slovakia economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.39||-4.12 %||Apr 12|
|Exchange Rate||1.13||0.65 %||Apr 12|
|Stock Market||350||0.0 %||Apr 12|
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Slovakia Economic News
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.
February 22, 2019
Consumer prices rose 1.1% month-on-month in January, up from December’s 0.1% fall.