Slovakia: GDP growth picks up in first quarter and reaches two-year high
May 20, 2014
In the first quarter, GDP grew 2.4% over the same period of the previous year according to the preliminary estimate released by the Statistical Office of the Slovak Republic (SOSR) on 15 May. The print, which came in above the 1.5% expansion registered in Q4, marked the largest expansion since Q1 2012. More detailed data will be released on 4 June.
A quarter-on-quarter comparison confirms the improvement suggested by the annual figures; GDP rose a seasonally-adjusted 0.6% over the previous quarter, which marked a moderate increase over the 0.4% expansion tallied in Q4 and the highest growth rate since Q4 2011.