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.
|----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|
|CURRENT ACCOUNT BALANCE||46||230||129||1,560|
|Source: National Bank of Slovakia|
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