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.

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