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

Amendment to coalition deal ends Slovakia’s government crisis

Slovakia’s government crisis was definitively brought to an end on September 11 when the governing coalition’s three party leaders inked an amendment to their deal to rule together. The crisis ... more

Slovak court to hear appeal against verdict that cleared Babis of Communist secret police link

Slovakia's Constitutional Court will next week hear an appeal against a January verdict that cleared the current favourite to become the next Czech PM, Slovak-born entrepreneur-turned-politician ... more

Slovakia anxious over impending Christmas butter shortage, Czechs already experiencing shortages

Slovakia is worried it could be caught up in a looming Christmas butter shortage crisis, The Slovak Spectator reported on September 5. A 125-gramme pack of butter in Slovakia cost €1.01 on ... more

Dismiss