Trade Balance in Slovakia
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
|Trade Balance (EUR billion)||2.9||2.9||2.8||1.6||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Trade Balance (EUR) Chart
Source: Bank of Slovakia.
|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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November 15, 2019
Consumer prices fell 0.1% month-on-month in October, contrasting September’s 0.1% rise.
November 14, 2019
The economy expanded 1.3% year-on-year in the third quarter, down from the second quarter’s revised 2.2% expansion (previously reported: +2.0% year-on-year) and marking the lowest reading since Q2 2013, according to a preliminary GDP estimate released on 14 November.
November 11, 2019
Industrial production fell 2.5% year-on-year in September, following August’s 8.1% plunge, which had marked the lowest reading since July 2016.
October 16, 2019
Consumer prices inched up 0.1% month-on-month in September, following August’s 0.2% increase.
October 10, 2019
Industrial production fell 8.1% year-on-year in August, contrasting July’s 2.8% increase and marking the lowest reading since July 2016.