Slovakia: Economic growth accelerates in Q1 2015
May 13, 2015
In the first quarter, GDP grew 3.1% over the same period of the previous year, according to preliminary data released by the Statistical Office of the Slovak Republic (SOSR) on 13 May. The print came in above the 2.4% increase tallied in Q4 2014 and marked the highest reading in over three years. In addition, it largely overshot the 2.5% the market had expected.
On a sequential basis, the economy grew a seasonally-adjusted 0.8% in Q1 2015, which was above the 0.6% rise tallied in Q4 2014 and marked an over-three-year high. More detailed data will be released on 5 June.
Author: Eric Denis , Economist