MONTH IN MACROECONOMIC STATISTICS

Revenues receive a blow. Shops, restaurants and hotels report major gap

Foreign trade and industrial production still on a positive wave.

Many restaurants struggle as they are affected by stringent measures. (Source: SME)

The second pandemic wave demonstrated its full impact on Slovakia’s economy in January's statistics. Particularly, the hospitality sector and retailers reported much worse results after the first month of this year than in the previous month.

Foreign trade and industrial production, on the other hand, fared quite well, proving their resilience towards the crisis, according to analysts. Inflation started rising slightly, too.

Find out more in the latest overview of selected economic statistics published in March 2021.

Inflation slightly up

The annual inflation rate remained below 1 percent in February 2021. Although it was slightly higher than in January (when it amounted to 0.7 percent), it stayed below the 2020 levels.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Theme: Economics

Read more articles by the topic