ADVERTISEMENT

Slovakia economic growth slows in Q3

Figures

Photo by Natanael Ginting/Shutterstock.com

Slovakia’s economic growth slowed in the third quarter, flash estimates from the Statistical Office of the Slovak Republic (Štatistický úrad Slovenskej republiky or SÚSR) revealed.

Photo by Natanael Ginting/Shutterstock.com

Gross domestic product  grew a seasonally adjusted 1.8% year-on-year following a 2.4% increase in the previous quarter. Sequentially, GDP grew 0.4% in the third quarter after a 0.3% expansion in the three months to June.

On a non-seasonally adjusted basis, GDP increased 1.3% year-on-year following a 2.2% growth in the previous three months.

Employment increased a seasonally adjusted 1.1% year-on-year after a 1.4% rise in the previous quarter. The quarterly growth in employment slowed to 0.2% from 0.3%.

Another report from the Bratislava-based statistics office show that consumer prices in Slovakia increased an annual 2.7% in October after a 2.9% increase in September.

On a monthly basis, consumer prices edged down 0.1% in October, reversing a 0.1% rise in the preceding month. The core inflation eased to 2.4% in October from 2.6% in the previous month, SÚSR said on Thursday.

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.