Consumer prices were impacted by food and fuels, but also by changes to regulated energies.
Slovakia’s industrial output went up in December 2016, statistics show, with the energy sector and automotive industry strengthening output, while some other branches weakened it.
Slovakia seems to have a good rating, with a stable outlook and several criteria in its favour, the international rating agency found recently.
Statistics were impacted mostly by weaker production and Christmas sales.
But in following years, the economy should accelerate, mostly thanks to car production, state analysts say.
After a mission in Slovakia, an international committee concludes that economic growth is stable but adds that the country faces several risks, caused by the international as well as domestic situation.
In an updated prognosis, the central bank expects no changes for GDP growth, but improves the forecast for labour market.
The rating agency expects economic growth for Slovakia in the next three years – at the level of about three percent annually.
What many have already anticipated for several months is becoming reality, the Slovak media writes.
Slovakia declined four places against last year in the Variables for Sustainable Growth Index 2016.
Rumours have circulated for some time that the Košice plant of the U.S. Steel corporation could change owners. Now, the initiative of new US President, Donald Trump, makes these rumours even more acute.
The Economy Ministry proposed six manufacturing companies for state investment aid.
Commercial bank analysts increase their prediction 0.1 percent compared to the November prognosis.
Consumer prices in Slovakia have recorded a year-on-year growth again, after three years. Though they have increased only modestly now, the last time they showed an annualised growth was in December 2013.
The Slovak industrial production grew further in November, despite missing growth in the automotive industry; while the construction sector grew as well, it keeps falling year-on-year, according to an analyst.
The earnings of clients of the second, private pension pillar seemed to be endangered last year; but the final balance of 2016 was mostly positive.
The prognosis is impacted by the drop in investments, the central bank says.