INSTANT VIEW 1-Slovak May trade gap bigger than expected

...in May, compared with a revised gap of 1.0 
billion in April, the Statistics Office said on Thursday. 
     
KEY POINTS: 
FOREIGN TRADE         MAY 07        MAY 07 FCAST 
 (SKK bln) 
 Balance              -3.539           -1.6 
  (Full table of data.......................[ID:nPRG000416]) 
  
    NOTE: The market had expected a trade deficit of 1.6 billion 
crowns in May, according to a Reuters survey of analysts earlier 
this month  . 
 
- The Statistics Office did not release a detailed breakdown of 
May trade data. 
- The April balance was revised to a deficit of 1.002 billion 
crowns from a previously reported gap of 1.166 billion. 
     
BACKGROUND: 
- Slovakia's foreign trade deficit widened in 2006, mainly due 
to rising imports of equipment needed for investment projects 
such as car factories of PSA Peugeot Citroen  and Kia 
Motors . 
- But the external balance is improving in 2007 as two car 
assembly plants boost their export-oriented production. 
 
LINKS 
- For further details on May foreign trade and other 
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 ....................