Domestic Demand in Slovakia
GDP growth moderates in
According to a preliminary release, seasonally adjusted year-on-year GDP growth moderated in Q1, coming in at 0.9% (Q4: +1.2%). According to the press release, net trade and investment were the main drivers of growth in Q1. The full breakdown will be released on 6 June.
On a seasonally adjusted quarter-on-quarter basis, growth decelerated to 0.1% (Q4: 0.3%).
Year-on-year GDP growth is set to remain roughly stable in Q2. Still-high inflation and rising interest rates are likely weighing on private consumption. That said, easing supply shortages and stronger net exports are likely giving a boost to industry.
Slovakia Domestic Demand Chart
Slovakia Domestic Demand Data
|Domestic Demand (ann. var. %)||3.3||3.7||3.9||-5.1||5.9|