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

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

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