Unemployment in Slovakia
Slovakia - UnemploymentAvailable data points to a gradual recovery in Q3, following the unprecedented GDP drop in Q2. In August, the decline in industrial production softened for the fifth consecutive month, while merchandise exports rose at the strongest pace in over a year. Additionally, goods imports dropped at a softer pace in the same month, while retail sales rebounded in July–August, largely due to increased sales of electronics and recreational goods. This, coupled with consumers turning less pessimistic on average in Q3 compared to Q2, bodes well for household consumption. Nonetheless, a surge in Covid-19 cases prompted the reinstatement of the state of emergency on 1 October, which could lead to new restrictions and thus hamper activity in Q4. Lastly, on 14 October, the government approved its 2021 draft budget, based on a 5.5% growth forecast and envisioning a fiscal deficit of 7.4% of GDP.
Slovakia - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Unemployment Chart
Source: Slovakia Statistical Office (SOSR).
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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June 10, 2021
Industrial output expanded 69.0% compared to the same month a year earlier in April, which was above March's 24.6% increase.
June 4, 2021
A second reading confirmed that GDP bounced back in the first quarter, expanding 0.2% year-on-year (previously reported: +0.3% year-on-year) and contrasting the 2.1% contraction logged in Q4 2020.
May 19, 2021
According to a preliminary estimate, economic activity bounced back in the first quarter, growing 0.3% year-on-year and contrasting the 2.1% contraction recorded in Q4 of last year.
May 13, 2021
Consumer prices increased 0.20% over the previous month in April, moderating from the 0.50% rise recorded in March.
May 10, 2021
Industrial output grew 24.5% compared to the same month of the previous year in March (February: +1.0% yoy), which marked the strongest rise on record; however, the result was partly driven by a low base effect.