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Slovakia Economic Growth Slows In Q3

Slovakia Economic Growth Slows In Q3

Slovakia’s economic growth slowed in the third quarter, flash estimates from the statistical office revealed Thursday.

Gross domestic product grew a seasonally adjusted 1.8 percent year-on-year following a 2.4 percent increase in the previous quarter.

Sequentially, GDP grew 0.4 percent in the third quarter after a 0.3 percent expansion in the three months to June.

On a non-seasonally adjusted basis, GDP increased 1.3 percent year-on-year following a 2.2 percent growth in the previous three months.

Employment increased a seasonally adjusted 1.1 percent year-on-year after a 1.4 percent rise in the previous quarter. Quarterly growth in employment slowed to 0.2 percent from 0.3 percent.

The material has been provided by InstaForex Company – www.instaforex.com