Slovakia Q3 GDP Expands More Than Estimated
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The Slovakian economy advanced more than initially estimated in the three months ending in September, underpinned by consumer, investment, and foreign demand, the latest figures from the Slovak Statistical Office (SÚSR) showed on Tuesday.
Gross domestic product (GDP) grew an unadjusted 1.4% year-on-year in Q3, slightly above the previous quarter's 1.3% increase.
That was also above the 1.2% rise estimated initially on November 15.
On the expenditure side, foreign demand, or exports, climbed 8.8% in Q3, while imports grew at a slower pace.
Gross fixed capital formation increased notably by 8.2%, while the government consumption expenditure logged a slight decline.
On a quarterly basis, GDP rose a seasonally adjusted 0.4% from the second quarter, when it expanded by 0.3%. In the flash report, the growth rate for the September quarter was 0.3%.
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