Slovakia’s current account surplus shrinks to EUR 46mn in November 2013

By bne IntelliNews January 29, 2014

Slovakia’s current account surplus shrank to EUR 46mn in November 2013 from a revised surplus of EUR 230mn in October on lower trade surplus, preliminary data from the central bank showed. In annual terms, the current account surplus fell 64.3% y/y in November. The October current account figure was revised down from an initially reported surplus of EUR 253mn.

The trade surplus narrowed to EUR 314mn in November from a revised EUR 480mn in October with imports rising slightly faster than exports. On an annual basis, exports increased 4.6% in November, following a revised 2.6% rise in October, whereas imports increased 4.8% compared to a 4.5% rise a month earlier.

EUR mn Nov-13 Oct-13 Nov-12 2012
Trade balance 314 480 313 3,556
--exports 6,090 6,229 5,825 62,144
--imports 5,776 5,749 5,511 58,588
----exports, y/y change, % 4.6% 2.6% 8.9% 9.4%
----imports, y/y change, % 4.8% 4.5% 5.2% 5.1%
Balance of services -25 -2 7 306
Income balance -136 -145 -129 1,653
Current transfers -108 -103 -63 -648
CURRENT ACCOUNT BALANCE 46 230 129 1,560
Source: National Bank of Slovakia      

Related Articles

Explosion at Austrian gas hub interrupts supplies to Italy, Hungary and Slovenia

An explosion at the site of Austrian OMV’s Baumgarten natural gas hub has interrupted gas transit to Italy, Slovenia and Hungary, the Austrian government’s electricity and gas markets regulator ... more

CEFC and Penta reported to be bidding together for CME

CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more

Slovak and Czech oligarchs reportedly interested in buying CME from Time Warner

A group of Slovak and Czech oligarchs are reportedly interested in buying regional media and entertainment company Central European Media Enterprises, the Slovak Spectator reported on November 8. ... more

Dismiss