Slovakia Economic Outlook
November 21, 2017According to a preliminary estimate released by the Statistical Institute, growth moderated somewhat in Q3, but remained solid overall. Although a complete breakdown by component is not yet available, data on retail sales throughout the quarter suggests household spending was again the driver of growth. Rising wages, a tight labor market and stronger consumer confidence have been supportive of private consumption. Moreover, external demand continued to expand solidly in the quarter. Imports nevertheless outpaced exports, because of growing fixed investment, narrowing the trade surplus. Although the 2016 fiscal deficit was revised upwards, fiscal parameters are relatively solid, and the government is committed to further narrowing the fiscal shortfall. Leading indicators suggest economic activity should continue to expand healthily in Q4: Although consumer confidence lost some ground in October, confidence in the industrial, construction and trade services improved.
Slovakia Economic GrowthThe economy is set to record another year of robust growth in 2018, underpinned by strong external demand, solid private consumption and a pick-up in investment spending on the back of higher EU funds inflows. FocusEconomics panelists project GDP will expand 3.5% in 2018, which is unchanged from last month’s estimate, and 3.4% in 2019.
Slovakia Economy Data
5 years of Slovakia economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.10||-4.12 %||Dec 06|
|Exchange Rate||1.18||0.65 %||Dec 06|
|Stock Market||321||0.0 %||Dec 06|
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Slovakia Economic News
December 12, 2017
Industrial production expanded 5.4% year-on-year in October, more than doubling September’s 2.3% growth.
November 17, 2017
Consumer prices rose 0.3% month-on-month in October after September’s 0.2% increase.
November 16, 2017
Industrial production growth expanded 2.3% year-on-year in September, contrasting August’s 0.5% expansion.
November 16, 2017
The Slovak economy continues to grow at a solid pace.
October 17, 2017
Consumer prices rose 0.2% month-on-month in September after coming in flat in August.