Slovak GDP unexpectedly rebounds in Q1

Figures

Slovakia's gross domestic product (GDP) rose 0.3% year-on-year in the first quarter of 2021, following a downwardly revised 2.1% contraction in the previous three-month period, a preliminary estimate from the Slovak Statistical Office (SÚSR) showed on Tuesday.

It was the first economic expansion after four consecutive quarters of declines amid the pandemic crisis, mainly driven by the key car industry.

On a seasonally adjusted quarterly basis, the economy shrank 1.8%, following an upwardly revised 0.8% growth in the fourth quarter of 2020. In Q1, the GDP in current prices amounted to EUR 21.7 billion, it represents inter-annual increase by 1%, said the Bratislava-based statistics agency.

ADVERTISEMENT

Czech Economic Confidence, Consumer Morale up in November Analysis

Czech Economic Confidence, Consumer Morale up in November

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

BMW Adding Battery plant in Debrecen, Doubling Investment Va... Manufacturing

BMW Adding Battery plant in Debrecen, Doubling Investment Va...

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.