Money in Slovakia
Slovakia - MoneyGDP growth improved in the first quarter of this year. The acceleration was spearheaded by stronger domestic demand: Eased Covid-19 restrictions pushed up average annual retail sales growth to 16.0% in Q1 from 2.4% in Q4, pointing to healthier private spending growth. Less positively, the external sector weakened in Q1, weighing on the overall result. Turning to Q2, available data paints a mixed picture. Both business and consumer confidence improved in April, suggesting that private sector was broadly resilient to a slowing global economy and supply bottlenecks arising from the war in Ukraine and lockdowns in China. That said, inflation shot up to a record high in April and will likely remain at all-time highs in the coming months, in turn hurting household consumption in Q2. Meanwhile, on 23 May, S&P Global Ratings slashed the outlook of Slovakia’s A+ rating from stable to negative.
Slovakia - Money Data
|Money (annual variation in %)||11.1||5.2||6.2||6.5||8.9|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Money Chart
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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July 21, 2022
Industrial output rose 1.1% compared to the same month of the previous year in May, which contrasted April's 9.6% decrease.
July 21, 2022
Consumer prices rose 1.20% over the previous month in June, coming in below May's 1.60% rise.
June 17, 2022
GDP growth gained traction to 3.1% year on year in the first quarter, from 1.4% in the fourth quarter of last year.
May 17, 2022
Annual growth more than doubled at the outset of this year, coming in at 3.1% in Q1, compared to a 1.4% year-on-year increase in Q4 2021.
May 13, 2022
Consumer prices rose 1.50% in April over the previous month, which was below March's 1.70% rise.