Retail Sales in Slovakia
Slovakia - Retail SalesGDP growth slowed considerably in Q3. The industrial and external sectors were both affected by ongoing supply constraints—in particular regarding semiconductors for the country’s hugely important auto industry—with growth in industrial production and exports averaging markedly lower compared to Q2. Private consumption likely remained more robust amid a lower Covid-19 case count and lower unemployment, but spending could have been dampened to an extent by rising price pressures. Heading into Q4, Covid-19 infections have surged amid a low vaccination rate, forcing fresh restrictions in October. Further curbs on unvaccinated citizens were implemented in November, likely denting activity further in the near term. On the flipside, the move should boost the country’s flagging vaccination rate and thus limit disruption from the virus further ahead.
Slovakia - Retail Sales Data
|Retail Sales (annual variation in %)||1.7||2.1||6.0||3.7||-1.3|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Retail Sales Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 16, 2021
According to a preliminary estimate, GDP growth moderated to 1.3% year-on-year in the third quarter from 9.6% in the second quarter, undershooting market expectations.
November 15, 2021
Consumer prices rose 0.59% in October over the previous month, slowing down from September's 0.82% increase.
November 10, 2021
Industrial output declined 4.9% in year-on-year terms in September, which contrasted August's 0.7% increase.
October 14, 2021
Consumer prices increased 0.82% in September over the previous month, picking up from August's 0.38% rise.
October 11, 2021
Industrial production rose 0.9% year-on-year in August (July: +7.8% yoy).