Europe > Eastern Europe > Slovakia > Slovakia Q1 Economic Growth Unrevised At 3-Year High

slovakia: Slovakia Q1 Economic Growth Unrevised At 3-Year High

2015/06/07

Slovakia's economy expanded at the fastest pace in three years in the initial quarter, as estimated initially, new figures from the Statistical Office of the Slovak Republic showed Friday.

Gross domestic product grew an unadjusted 3.1 % year-over-year in the three months ended March, in line with preliminary data, faster than previous quarter's 2.4 % climb.

The new rate of expansion marked the quickest since fourth quarter 2011, at the same time as the economy advanced 3.2 %.

On a seasonally adjusted basis, the economy expanded 2.9 % annually, the same rate as initially estimated, next a 2.6 % increase in the previous three months.

On a quarterly basis, the economy advanced a seasonally adjusted 0.8 % in the March quarter, following a 0.7 % hike in the preceding quarter. The figure was as well matched with flash data.

Total employment rose an unadjusted 1.8 % yearly in the initial quarter, slower than previous quarter's 2.1 % increase.

Next seasonal adjustment, employment rose 1.7 % annually in the March quarter, following a 2 % gain in the previous quarter.

Compared to the prior quarter, employment increase eased to 0.2 % in the three months ended March from 0.6 %. All these employment figures were came in line with flash data.

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