Slovakias current account balance swings into EUR 108.5mn deficit in Aug 2012.

By bne IntelliNews November 2, 2012
Slovakias current account balance turned into a preliminary deficit of EUR 108.5mn in August 2012 from a revised surplus of EUR 169.6mn in July, data from the central bank showed. The July figure was revised down from an originally reported surplus of EUR 207mn. Slovakias first monthly current account deficit since December 2011 came as a result of a sharp drop in the trade balance, while there was no significant changes in any of the other component balances. In August 2011, the country recorded a current account deficit of EUR 181.9mn. Slovakias annual export growth decelerated in August to 9.8%, from 16.5% in the previous month. The central bank said that the slowdown may reflect differences between the scheduling of factory holidays this summer and last summer. Augusts annual imports growth slowed down by 5.6pps m/m to 10%.
EUR mn Aug-12 July-12 Aug-11
Trade balance 22.8 375.5 28.9
--exports 4,912.5 4,996.8 4,474.7
--imports 4,889.7 4,621.3 4,445.8
Balance of services 34.0 21.1 -45.3
Income balance -132.2 -129.6 -135.0
Current transfers -33.1 -97.3 -30.5
CURRENT ACCOUNT BALANCE -108.5 169.6 -181.9

Slovakias current account balance swings into EUR 108.5mn deficit in Aug 2012.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss