May trade figures shock analysts

Slovakia's balance of trade figures reached a three-year high in May, at Sk1.9 billion (€45 billion). The figure has surprised analysts, who were expecting a negative balance of between Sk5.5 and 8.1 billion (€133 and 195 million). The results are based on a more than 31-percent rise in exports.

"The export of cars was above expectations, with a 12-percent year-on-year rise," explained ING analyst Ján Tóth.

Another factor is the drop in oil prices, which has reduced the price of energy imports.

Compiled by Conrad Toft from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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