Slovacchia - Tasso di Crescita annuale del PIL

Slovakia's gross domestic product grew by 1.3 percent from a year earlier in the third quarter of 2019, easing from an upwardly revised 2.2 percent expansion in the previous three-month period and missing market expectations of 2.3 percent, a preliminary estimate showed. That was the weakest growth rate since the second quarter of 2013. On a seasonally adjusted quarter-on-quarter basis, the economy advanced by 0.4 percent, compared to 0.3 percent in the previous period.

Slovakia’s economy advanced 2.0% year-on-year in the second quarter of 2019, slowing from a 3.7% expansion in the previous period and higher than a preliminary estimates of 1.9%. On the production side, total industry output fell (-0.3% vs 4.1% in Q1), particularly manufacturing (-1.1% vs 4.2%) while public administration and defence; compulsory social security; education; human health and social work activities production advanced at a softer pace (6.5% vs 7.5%). On the other hand, wholesale and retail trade output increased faster (1.5% vs 0.5%). On the expenditure approach, gross fixed capital formation fell (-3.8% vs 2.1 %) while both household (1.9% vs 1.0%) and government consumption rose faster (4.2% vs 1.5%). Regarding net trade, exports dropped 1.9% (from 7.2% in Q1) while imports advanced 0.8% (from 6.4% in Q1). On a seasonally adjusted quarterly basis, the economy grew 0.5%, easing from a 0.7% rise in the previous quarter but higher than a preliminary estimates of 0.4%.

The Slovak economy advanced 1.9 percent year-on-year in the second quarter of 2019, slowing sharply from a 3.7 percent growth in the previous three-month period and well below market expectations of 3.3 percent, the preliminary estimate showed. It was the slowest expansion since the third quarter of 2013. On a seasonally adjusted quarterly basis, the GDP rose 0.4 percent, after a downwardly revised 0.7 percent growth in the previous quarter.

Slovakia's annual economic growth was confirmed at 3.7 percent in the first quarter of 2019, slightly above the previous three-month period's expansion of 3.6 percent. Net external demand was the main contributor to the expansion as exports rose 7.2 percent (vs 4.7 percent in Q4 2018), faster than a 6.4 percent increase in imports (vs 7.8 percent in Q4). On the other hand, domestic demand growth slowed to 2.3 percent from 5.8 percent, in particular household consumption (1.0 percent vs 3.4 percent), fixed investment (2.1 percent vs 9.0 percent) and government spending (1.5 percent vs 3.8 percent). On a seasonally adjusted quarterly basis, the economy grew 0.9 percent.

The Slovak economy expanded 3.7 percent year-on-year in the first quarter of 2019, following a 3.6 percent growth in the previous three-month period and beating market expectations of 3.6 percent, the preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP rose 0.9 percent, after a 0.8 percent advance in the previous period.

The Slovak economy grew 3.6 percent year-on-year in the fourth quarter of 2016, unrevised from a preliminary estimate, slowing from a 4.6 percent expansion in the previous quarter and matching market expectations. It was the weakest growth rate since the third quarter of 2017, as imports rose 7.8 percent (vs 5.4 percent in Q3) and exports increased at a softer 4.7 percent (vs 5.6 percent in Q3). Meantime, household consumption (3.4 percent vs 3.2 percent) and government spending (3.8 percent vs 1.6 percent) advanced further. Also, fixed investment grew 9 percent, after shrinking 5.7 percent in the third quarter of the year. On a seasonally adjusted quarterly basis, the GDP increased 0.8 percent, in line with the preliminary reading and easing from a 1 percent growth in the prior period. In 2018, the economy advanced 4.1 percent over a year earlier.