Fiscal Balance in Slovakia
Slovakia - Fiscal BalanceEconomic growth decelerated sharply in the second quarter, likely dragged on by the external sector and weaker domestic demand. Industrial activity, led by the all-important automotive sector, deteriorated in the quarter, shrinking for the first time in 15 months in June, while exports fell for the first time in four-and-a-half years in Q2 as Germany, the country’s biggest export market, grapples with a marked downturn. Meanwhile, retail sales swung to decline in the quarter, pointing to a further loss of momentum in private consumption despite households turning less pessimistic. Moreover, business confidence was more downbeat on average, hinting at a continued fall in fixed investment growth. Meanwhile, prospects remained relatively grim at the outset of Q3: Business sentiment dived sharply into negative territory in July, while consumer confidence also lost ground in the month.
Slovakia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.7||-2.7||-2.6||-2.2||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.36||-4.12 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||341||0.0 %||Sep 04|
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September 10, 2019
Industrial production expanded 2.8% year-on-year in July, contrasting June’s 1.9% fall, which had marked an over-two-year low.
September 6, 2019
Growth almost halved in the second quarter of the year, amid a sharp downturn in external demand and despite a stronger domestic economy.
August 19, 2019
Consumer prices rose 0.1% month-on-month in July, matching June’s result.
August 14, 2019
The economy grew 1.9% year-on-year in the second quarter, marking a notable slowdown from the 3.7% expansion in Q1 and the lowest reading since September 2013.
July 17, 2019
Consumer prices rose 0.1% month-on-month in June, down from May’s 0.3% increase.