Slovakia's current account surplus widens to EUR 149mn in May 2014

By bne IntelliNews July 30, 2014

Slovakia's current account surplus widened in May 2014 to EUR 149mn from a revised surplus of EUR 57mn in April, preliminary data from the central bank showed. The April current account  figure was revised from an initially reported surplus of EUR 106mn.

In annual terms, the current account surplus increased 40.6% in May.

The trade surplus rose to EUR 467mn in May from a revised EUR 309mn in April. On an annual basis, exports decreased 2.7% in May, following a 3.2% drop in April, while imports edged down 0.1% compared to a 1.2% growth a month earlier.

EUR mn May-14 April-14 May-13 2013
Trade balance 467 309 612 4,284
--exports 5,512 5,440 5,667 64,361
--imports 5,047 5,134 5,055 60,077
----exports, y/y change, % -2.7% -3.2% 5.5% 3.6%
----imports, y/y change, % -0.1% 1.2% 1.5% 2.5%
Balance of services 15 -4 7 148
Income balance -199 -210 -207 -1,810
Current transfers -134 -39 -39 -1,073
CURRENT ACCOUNT BALANCE 149 57 106 1,548
Source: National Bank of Slovakia      

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