(last updated May 23)
NEW LISTINGS OR AMENDMENTS ARE MARKED* KEY INTEREST RATES OVERNIGHT REPO TWO-WEEK REPO rate (pct) 2.25/5.75 4.25 last changed APRIL 24, 2007 APRIL 24, 2007 former rate (pct) 2.50/6.00 4.50 ------------------------------------------------------------- SLOVAK REAL GDP Q4/07 Q3/07 Q4/06 FY/07 (pct change yr/yr) 14.3 +9.4 +8.2 +10.4 Final consumption Household +5.9 +8.3 +6.9 +7.1 Government +0.8 +2.2 +9.2 +0.7 Gross fixed capital formation +8.9 +6.5 +5.0 +7.9 Foreign trade balance exports of goods and services +16.0 +8.5 +23.1 +16.0 imports of goods and services +11.6 +3.0 +14.9 +10.4 -------------------------------------------------------------- SLOVAK REAL GDP 2000-2006 (pct chng yr/yr) FY/2006 - +8.3 FY/2005 - +6.6 (+6.0) FY/2004 - +5.2 (+5.4) FY/2003 - +4.8 (+4.2) FY/2002 - +4.8 (+4.1) FY/2001 - +3.4 (+3.2) FY/2000 - +1.4 (+0.7) ------------------------------------------------------------- C/A BALANCE JAN-FEB/08 JAN-FEB/07 (SKK bln) +7.7 +3.9 C/A BALANCE JAN/08 JAN/07 (SKK bln) Total -1.1 +5.6 Foreign trade +7.2 +6.0 Service -0.9 -0.1 Income balance -1.4 +1.4 Current transfers -6.0 -1.7 -------------------------------------------------------------- FOREIGN TRADE MARCH 08 FEB 08 MARCH 07 JAN-DEC 07 (SKK bln) Imports 125.132 127.185 120.691 1,442.123 Exports 124.041 132.420 119.262 1,420.738 Balance -1.091 +5.235 -1.429 -21.385 DYNAMICS OF TRADE (pct y/y change in SKK terms) nominal imports +3.7 +18.8 +15.3 +10.2 nominal exports +4.0 +24.2 +18.3 +15.2 -------------------------------------------------------------- SLOVAK EU-NORM INFLATION APRIL 08 MARCH 08 APRIL 07 pct change mo/mo +0.3 +0.3 +0.3 pct change yr/yr +3.7 +3.6 +2.0 SLOVAK HEADLINE CPI APRIL 08 MARCH 08 APRIL 07 pct change mo/mo +0.2 +0.3 +0.2 pct change yr/yr +4.3 +4.2 +2.7 SLOVAK CORE CPI pct change mo/mo +0.3 +0.2 +0.2 pct change yr/yr +4.6 +4.5 +2.6 -------------------------------------------------------------- CENTRAL STATE BUDGET JAN-APRIL/08 JAN-APRIL/07 FY 2008 PLAN (SKK bln) revenues 113.430 107.414 348.252 expenditure 105.671 108.931 380.233 balance +7.759 -1.517 -31.981 -------------------------------------------------------------- PRODUCER PRICES MARCH/08 FEB/08 MARCH/07 pct change month/month +0.2 +2.4 0.0 pct change year/year +5.3 +5.1 +3.1 -------------------------------------------------------------- INDUSTRIAL OUTPUT MARCH 08 FEB 08 MARCH 07 pct change yr/yr +1.8 +12.5 (+11.5) +12.9 CONSTRUCTION OUTPUT MARCH 08 FEB 08 MARCH 07 pct change yr/yr +7.8 +13.5 +16.1 SELECTED SECTOR SALES MARCH 08 FEB 08 MARCH 07 JAN-DEC 07 (pct change yr/yr) Retail sales +10.5 +16.6 +6.0 +5.5 Hotels and restaurants -2.4 -4.0 +0.2 +1.6 Vehicle sales and maintenance -1.2 +13.8 +28.2 +24.2 --------------------------------------------------------------- SLOVAK INDUSTRIAL WAGES MARCH 08 FEB 08 MARCH 07 FY/07 real pct change yr/yr +4.0 +5.6 +4.6 +3.5 nominal pct change yr/yr +8.4 +9.8 +7.4 +6.4 SLOVAK AVG WAGES Q4/07 Q3/07 Q4/06 FY/07 real pct change yr/yr +4.5 +4.2 +3.9 4.3 nominal pct change yr/yr +8.0 +6.8 +8.2 7.2 --------------------------------------------------------------- SLOVAK UNEMPLOYMENT APRIL 08 MARCH 08 APRIL 07 pct of workforce 7.38 7.59 8.50 number of available jobless 192,518 198,011 221,018 --------------------------------------------------------------- SLOVAK GROSS FOREIGN DEBT ($ million) END-JAN/08 END-DEC/07 TOTAL 43,663.3 44,308.7 LONG TERM DEBT 21,480.0 20,709.7 (of which) Govt and central bank 10,130.9 9,502.4 Commercial banks 2,262.8 2,150.8 Corporates 9,086.3 9,056.5 SHORT TERM DEBT 22,182.3 23,599.0 (of which) Govt and central bank 0.0 0.0 Commercial banks 10,803.0 12,095.6 Corporates 11,379.3 11,503.4 --------------------------------------------------------------- *SLOVAK FOREIGN RESERVES MAY 21 MAY 14 MAY 6 ($ million) Central bank 19,933.3 19,712.1 19,627.5 Commercial banks 3,288.9 3,179.3 3,063.5 Total banking sector 23,222.2 22,891.4 22,691.0 NOTE: Reserves data are calculated according to methodology compatible with European Central Bank standards. --------------------------------------------------------------- ECONOMIC FORECASTS:
GDP EU-NORM CPI C/A DATE
'08 '09 '08 '09 '08 '09 FinMin +7.5 +6.4 +3.1 +3.0 -2.2 -1.4 Jan 29 Cbank +7.4 +6.9 +2.8 +3.1 -3.4 -1.7 April 29 EC +7.0 +6.2 +3.8 +3.2 April 28 Notes: EC - The European Commission FinMin - Finance Ministry NBS - National Bank of Slovakia GDP - Real gross domestic product growth (pct change yr/yr) CPI - Average annual change in consumer price index, calculated under the EU methodology (pct). C/A - Current account deficit (pct of GDP) DATE - The date of the forecast release.