Slovak economy expands in Q3

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Slovakia’s GDP at constant prices rose 9.4% year-on-year in the Q3 to 472,2 billion koruna (€14.36 billion, about $20.98 billion), a flash estimate from the statistical office said Tuesday.

The $74-billion Slovak economy expanded 9.4% quicker than the 8.5% median forecast of 10 economists surveyed by Bloomberg News. The pace of growth matched for the previous three-month period, the Bratislava-based statistics office said. The official data showed accelerating GDP is due to the growth of Value Added in manufacturing, particularly in manufacture of machinery, electrical and transport equipment. From the expenditure side, the statistical office attributed rising foreign demand and permanent growth of domestic demand behind the rise in GDP in the Q3. The seasonally adjusted GDP rose 9.7% compared to the same period of the previous year. (Gazdasági Rádió, bg, rttnews.com)

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