Trade Balance in Slovakia

Slovakia Trade Balance (EUR) | Economic News & Forecasts

Slovakia - Trade Balance (Euros)

Economic activity slowed further in the third quarter, after a sharp downturn in Eurozone demand hampered growth in the second quarter. Industrial production contracted in Q3 as waning external demand continued to weigh on the all-important car sector. Moreover, private consumption likely faltered, given that retail sales fell at a sharper clip in Q3 than in Q2 and consumers became more pessimistic throughout the period. Meanwhile, merchandise exports contracted more rapidly in Q3 than in the previous quarter, hinting at a weak performance by the external sector. Turning to the fourth quarter, confidence of the industrial sector slumped to a 6-month low in October, reflecting a deterioration of firms’ production expectations for the final months of the year. Moreover, consumer sentiment dipped deeper into negative territory in the same month as households’ views on the broader economic situation and their personal finances in the year ahead turned more pessimistic, boding poorly for private spending.

Slovakia - Trade Balance (EUR) Data

2013  2014  2015  2016  2017  
Trade Balance (EUR billion)2.9  2.9  2.8  1.6  0.7  

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Slovakia Trade Balance (EUR) Chart


Slovakia Trade
Note: Trade balance in EUR billion.
Source: Bank of Slovakia.

Slovakia Facts

ValueChangeDate
Bond Yield-0.36-4.12 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market3410.0 %Sep 04

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