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Financial News: Slovakia Economic Growth Slows In Q3

Slovakia Economic Growth Slows In Q3

11/14/2019 - 09:31:00 (RTTNews)

(RTTNews) - 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.

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