Spectator on facebook

Spectator on facebook

Slovak GDP posts third quarter growth

The Slovak economy kept growing in the third quarter of 2012. It grew by 0.6 percent in July-September, maintaining the same quarter-on-quarter growth rate as in the second quarter, seasonally adjusted. But the year-on-year comparison shows a slow-down, with growth decreasing from the second quarter’s 2.6 percent to 2.2 percent in the third quarter, the Slovak Statistics Office (ŠÚ) revealed in a flash estimate that it published on Wednesday, November 14.

The Slovak economy kept growing in the third quarter of 2012. It grew by 0.6 percent in July-September, maintaining the same quarter-on-quarter growth rate as in the second quarter, seasonally adjusted. But the year-on-year comparison shows a slow-down, with growth decreasing from the second quarter’s 2.6 percent to 2.2 percent in the third quarter, the Slovak Statistics Office (ŠÚ) revealed in a flash estimate that it published on Wednesday, November 14.

The flash estimate, as quoted by the SITA newswire, is in line with the forecasts of bank analysts, although they actually predicted an even greater slowdown, to 2 percent. The ŠÚ will reveal the structure of GDP growth in early December.

The GDP of the eurozone shrank quarter-on-quarter in the third quarter of 2012 by 0.1 percent, while the economy of the whole European Union grew by 0.1 percent against Q2. The data were part of a flash estimate by the EU’s statistics office, Eurostat, published on Thursday, November 15.

Sources: SITA, TASR, ŠÚ

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

Top stories

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness