Slovakias current account surplus widens to EUR 267.4mn in April 2012.

By bne IntelliNews June 28, 2012
Slovakias current account surplus widened to a preliminary EUR 267.4mn in April 2012 from a revised EUR 256.3mn in March, data from the central bank showed. In April 2011, the country recorded a current account deficit of EUR 198.3mn. The monthly increase of the current account surplus came as higher trade surplus offset a deterioration of the balance of services, which came mainly as a result of lower revenue in data processing services, the central bank said. Exports rose 11.4% y/y in April, up by 2.6pps from the previous months annual increase, while the annual imports growth decelerated to 2.3% from 5% in March. On a monthly basis, both exports and imports fell in April.
EUR mn Apr-12 Mar-12 Apr-11
Trade balance 454.9 389.2 47.8
--exports 5,011.1 5,460.7 4,500.3
--imports 4,556.2 5,071.5 4,452.5
Balance of services -16.4 42.3 -52.2
Income balance -134.0 -111.5 -119.9
Current transfers -41.2 -59.6 -74.0
CURRENT ACCOUNT BALANCE 267.4 256.3 -198.3
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