Slovakia’s current account swings to EUR 79mn deficit in August

By bne IntelliNews October 29, 2014

Slovakia's current account swung to a deficit of EUR 79mn in August from a surplus of EUR 98mn in July, preliminary data from the central bank showed. The July current account figure was revised from an initially reported surplus of EUR 94mn.

In August 2013, Slovakia reported a current account surplus of EUR 30mn.

The foreign trade surplus shrank to EUR 235mn in August from a revised EUR 415mn the month before. On an annual basis, exports dropped 2.4% in August, following a 3.2% increase in July, while imports fell 3.1% compared to a 2.7% decline a month earlier.

EUR mn Aug-14 July-14 Aug-13 2013
Trade balance 235 415 214 4,284
--exports 4,679 5,136 4,814 64,172
--imports 4,446 4,723 4,600 59,172
----exports, y/y change, % -2.4% 3.2% -1.7% 3.3%
----imports, y/y change, % -3.1% -2.7% -5.5% 2.3%
Balance of services -12 20 67 148
Income balance -208 -210 -138 -1,810
Current transfers -95 -126 -112 -1,073
CURRENT ACCOUNT BALANCE -79 98 30 1,548
Source: National Bank of Slovakia      

Related Articles

Fears grow of Russian interference in Central European media space

Two thirds of Central Europeans are concerned about Russian interference in their country’s media or public opinion, according to a new poll conducted by MEDIAN on behalf of the ... more

How Ukrainian grain wrecked the Polish grain market

The Polish grain market has been thrown into disarray by cheap Ukrainian grain that sent prices plummeting in April, causing Warsaw to impose a five-month ban, backed up by the European Commission. ... more

Slovak OFZ aims to move part of production to Uzbekistan

Metallurgical company OFZ plans to transfer part of its production from Slovakia to Uzbekistan, The Slovak Spectator has reported. The ferroalloy production company from Oravsky Podzamok has ... more

Dismiss