Slovakia Economic Outlook
January 30, 2018According to leading data, the economy seems to have maintained a healthy pace of growth in the last stretch of 2017, underpinned by robust demand from the EU. Merchandise exports recorded another robust year-on-year expansion in November. Healthy external demand buttressed growth in industrial production, which accelerated further in November mainly on the back of a remarkable performance in the automotive sector. The strong year-on-year expansions in retail sales in October and November suggest household spending, driven by declining unemployment and robustly rising wages, also continued to spur growth. Further positive news came from the construction sector, which expanded at nearly a double-digit rate in November, registering the fifth consecutive month of growth. The construction sector, which contracted markedly last year due to the drying out of EU funds, recovered in H2, likely benefiting from the new cycle of EU-funded investment.
Slovakia Economic GrowthThis year the Slovak economy should continue to benefit from solid momentum in Eurozone economies, which will spur industrial production. Moreover, rising inflows of EU funds and accommodative financing conditions will buttress fixed investment. A further tightening in the labor market, together with healthily growing wages, are expected to sustain consumer spending. Met the why particular panelists project GDP will expand 3.6% in 2018, which is unchanged from last month’s estimate, and 3.5% in 2019.
Slovakia Economy Data
5 years of Slovakia economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.50||-4.12 %||Feb 20|
|Exchange Rate||1.23||0.65 %||Feb 20|
|Stock Market||328||0.0 %||Feb 20|
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Slovakia Economic News
February 14, 2018
The Slovak economy remains strong.
February 9, 2018
Industrial production declined 1.1% year-on-year in December, strongly contrasting November’s 6.2% growth.
January 16, 2018
Industrial production expanded 6.2% year-on-year in November, above October’s 5.4% growth.
December 19, 2017
The economy continued to grow at a healthy pace in the third quarter, according to data released by the Statistical Office of the Slovak Republic (SOSR) on 5 December.
December 18, 2017
Consumer prices rose 0.3% month-on-month in November, matching October’s reading.