Slovakias current account surplus widens to EUR 308mn in Oct 2012.

By bne IntelliNews December 20, 2012
Slovakias current account surplus grew to a preliminary EUR 308mn in October 2012 from a revised EUR 114.3mn surplus in September, data from the central bank showed. The October surplus came mainly as a result of an increase in the trade surplus, which reached its highest value since the start of the year. A decline in the deficit of the income balance thanks to lower interest payments also had a positive effect on the current account balance, while the other component balances remained largely unchanged, the bank said. The September figure was revised from an originally reported surplus of EUR 159.6mn. In October 2011, the country recorded a current account surplus of EUR 116mn. Slovakias annual export growth decelerated by 1.2pps from the previous month to 8.4% in October, with weakening foreign demand being observed for the third month in a row, the central bank said. Octobers annual imports growth edged down by 0.2pps m/m to 7.5%.
EUR mn Oct-12 Sep-12 Oct-11
Trade balance 476.6 339.3 397.1
--exports 5,846.7 5,616.6 5,394.7
--imports 5,370.1 5,277.3 4,997.6
Balance of services 32.4 36.7 -38.9
Income balance -123.7 -174.6 -137.5
Current transfers -77.3 -87.1 -104.7
CURRENT ACCOUNT BALANCE 308.0 114.3 116.0

Slovakias current account surplus widens to EUR 308mn in Oct 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