INSTANT VIEW 1-Slovak Q1 GDP touch above flash estimate

...Friday. 
  
KEY POINTS 
 SLOVAK REAL GDP          Q1/07     Q4/06       Q1/06      FY/06 
 (pct change yr/yr)       +9.0      +9.6        +6.7       +8.3 
 (Full GDP table...................[ID:nPRG000372]) 
- The first quarter GDP figure is a touch above the Statistics 
Office's flash estimate of 8.9 percent reported last month. 
- The Statistics Office says it sees full 2007 GDP growth at 8.8 
percent year-on-year. 
- End-2007 headline CPI is seen at 2.6 percent year-on-year. 
- Household consumption remains strong at 6.5 percent growth, 
year-on-year while government consumption edges up 
quarter-on-quarter, though is down sharply from the same quarter 
of 2006. 
     
BACKGROUND 
- The Slovak economy has been showing the highest growth rates 
among the four largest new EU members from central Europe over 
the past few years.  
- GDP growth has been helped by reviving domestic demand as 
households consumption rises after years of belt-tightening 
reforms. 
- Investments have also increased in the past year, mainly 
thanks to large project such as car factories of French PSA 
Peugeot  and South Korean Kia Motors . 
- The central bank does not consider fast GDP rise as major 
danger to inflation as economic growth appears to be driven by 
rising productivity and exports. 
     
 LINKS: 
- For further details on past data, Reuters 3000 Xtra users can 
click on the Slovak Statistics Office's website: 
    http://wwww.statistics.sk/webdata/english/index2_a.htm 
 
- For LIVE Slovak economic data releases, click on...... 
- Schedule of upcoming indicator releases............ 
- Summary of short-term economic data forecasts...... 
 
- Stories on Slovak currency moves........................[SKK/] 
- Slovak speed money guide .............................. 
- Slovak benchmark state bond prices ................. 
- Slovak forward money market rates ....................