Slovakia’s exports amounted to more than €5 billion in February, thereby rising by 6.2 percent on an annual basis, reveals preliminary data of the Statistics Office. On the other hand, imports in February went up by 4 percent year-on-year. This translated into a surplus of more than €500 million in February, which represents an increase of more than €120 million from February of 2013.
According to UniCredit Bank analyst Ľubomír Koršňák, the increase in the surplus is mainly attributed to weaker imports. Should this trend in imports persist, it could signal that the recovery of domestic demand hasn’t been as robust as previously thought or that there's a slowdown in the revival of industry in the months ahead.
Katarína Richterová
