FOREX TradingCharts.com

Financial News: Slovenia Economic Growth Lowest In Nearly 4 Years

Slovenia Economic Growth Lowest In Nearly 4 Years

08/30/2019 - 05:18:00 (RTTNews)

(RTTNews) - Slovenia's economic growth was the lowest in nearly four years during the second quarter as increased imports caused trade to make a negative contribution to GDP, preliminary data from the statistical office SURS showed on Friday. Gross domestic product grew a non-seasonally adjusted 2.5 percent year-on-year after a 3.3 percent increase in the first three months of the year.

The pace of growth was the weakest since the third quarter of 2015, when the economy expanded 2.3 percent. Growth in imports surged to 12.3 percent from 7.7 percent and that in exports climbed to 9.4 percent from 7.9 percent. The trade balance made a negative contribution of 1.3 points to GDP versus 0.8 points in the previous quarter. Domestic consumption growth improved to 4.2 percent and the increase in gross fixed capital formation surged to 9.2 percent. On a seasonally adjusted basis, GDP rose 2.6 percent year-on-year following a 3.5 percent growth in the previous quarter. The pace was the fastest since the first quarter of 2016. Quarter-on-quarter, GDP increased 0.2 percent in the second quarter after a 0.6 percent rise in the previous three months. Separately, the statistical office said the Slovene economy grew 4.1 percent in 2018 after a 4.8 percent expansion in 2017. The statistical office also reported that the ILO unemployment rate was 4.2 percent in the second quarter, which was the lowest since the third quarter of 2008, when the rate was 4.1 percent. In July, the volume of retail sales rose 1.2 percent monthly, after two consecutive declines, driven by higher sales in specialized stores with motor fuels. Inflation accelerated to 2.3 percent in August from 2 percent in July, preliminary data showed on Friday. The harmonized inflation meant for EU comparison was 2.4 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Bullard Explains Preference For Bigger Interest Rate Cut (02 hr(s), 13 min(s), 36 sec(s) ago)
(RTTNews) - St. Louis Federal Reserve President James Bullard was one of three voting members of t ...Full Story»

Eurozone Consumer Confidence At 4-month High (02 hr(s), 48 min(s), 36 sec(s) ago)
(RTTNews) - Eurozone consumer confidence improved in September to its highest level in four months ...Full Story»

Belgium Consumer Confidence Weakens For Second Month (03 hr(s), 41 min(s), 36 sec(s) ago)
(RTTNews) - Belgium's consumer confidence weakened for a second straight month in September, s ...Full Story»

India Cuts Corporate Tax Rates To Boost Growth (04 hr(s), 39 min(s), 36 sec(s) ago)
(RTTNews) - India's government on Friday announced a reduction in the corporate tax rate to bo ...Full Story»

Finland Current Account Logs Deficit In Q2 (04 hr(s), 49 min(s), 36 sec(s) ago)
(RTTNews) - Finland's current account logged a deficit in the second quarter, Statistics Finla ...Full Story»

Ireland Wholesale Price Decline Slows In August (05 hr(s), 22 min(s), 36 sec(s) ago)
(RTTNews) - Ireland's wholesale prices fell at a slower rate in August, data from the Central ...Full Story»

Slovenia Output Price Inflation Steady In August (05 hr(s), 24 min(s), 36 sec(s) ago)
(RTTNews) - Slovenia's output price inflation stable in August, figures from the Statistical O ...Full Story»

Latvia Producer Price Inflation Slows For Eighth Month (05 hr(s), 23 min(s), 36 sec(s) ago)
(RTTNews) - Latvia's producer price inflation slowed for the eight straight month in August, f ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Bullard Explains Preference For Bigger Interest Rate Cut

09/20/2019 - 10:48 AM (RTTNews)
(RTTNews) - St. Louis Federal Reserve President James Bullard was one of three voting members of t ...Full Story>>

Eurozone Consumer Confidence At 4-month High

09/20/2019 - 10:13 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence improved in September to its highest level in four months ...Full Story>>

Belgium Consumer Confidence Weakens For Second Month

09/20/2019 - 09:20 AM (RTTNews)
(RTTNews) - Belgium's consumer confidence weakened for a second straight month in September, s ...Full Story>>

India Cuts Corporate Tax Rates To Boost Growth

09/20/2019 - 08:22 AM (RTTNews)
(RTTNews) - India's government on Friday announced a reduction in the corporate tax rate to bo ...Full Story>>

Finland Current Account Logs Deficit In Q2

09/20/2019 - 08:12 AM (RTTNews)
(RTTNews) - Finland's current account logged a deficit in the second quarter, Statistics Finla ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.