Trade Balance in Slovakia

Slovakia Trade Balance (EUR) | Economic News & Forecasts

Slovakia - Trade Balance (Euros)

Economic growth decelerated sharply in the second quarter, likely dragged on by the external sector and weaker domestic demand. Industrial activity, led by the all-important automotive sector, deteriorated in the quarter, shrinking for the first time in 15 months in June, while exports fell for the first time in four-and-a-half years in Q2 as Germany, the country’s biggest export market, grapples with a marked downturn. Meanwhile, retail sales swung to decline in the quarter, pointing to a further loss of momentum in private consumption despite households turning less pessimistic. Moreover, business confidence was more downbeat on average, hinting at a continued fall in fixed investment growth. Meanwhile, prospects remained relatively grim at the outset of Q3: Business sentiment dived sharply into negative territory in July, while consumer confidence also lost ground in the month.

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

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

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