Slovakia Q2 GDP Revised Higher

Figures

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Slovakia's gross domestic product (GDP) advanced 1.8% year-on-year in the second quarter of 2022, easing from the 3.1% growth in the previous three-month period and slightly above preliminary estimates of a 1.7% rise, the Bratislava-based Slovak Statistical Office (SÚSR) said in a statement.

The expansion of the Slovak economy was strongly supported by a 2.1% increase in domestic demand, with household consumption growing 4.1%, while gross capital formation grew by 5.7%.

On the other hand, government expenditure fell by a sharp 7.2%, while foreign demand continued to decline in the second quarter.

On a seasonally adjusted quarterly basis, the economy expanded by 0.5%, advancing from the 0.4% growth in the previous quarter and revised upwards from the preliminary reading of 0.4%.

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