Trade Balance in Slovakia
Slovakia - Trade BalanceGDP 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 - Trade Balance Data
|Trade Balance (USD billion)||3.1||1.8||0.8||0.1||-3.0|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Trade Balance Chart
Source: Bank of Slovakia.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 13, 2023
Harmonized inflation came in at 15.0% in December, down from November’s 15.1%.
January 10, 2023
Industrial output contracted 10.7% year on year in November (October: -2.6% yoy).
December 16, 2022
Harmonized inflation rose to 15.1% in November, following October’s 14.5%.
December 9, 2022
Industrial output dropped 2.6% year on year in October (September: -1.9% yoy).
December 6, 2022
GDP growth accelerated to 1.4% year on year in the third quarter, from 1.3% in the second quarter, according to comprehensive data.