Slovakia GDP Growth Slows in Q2

Slovakia’s economy expanded 0.7% year-on-year in the second quarter of 2026, slowing from 0.9% growth in the previous three-month period, preliminary estimates showed. This marked the slowest pace of economic growth since the second quarter of 2025. Weaker investment activity weighed on overall expansion, while the foreign trade balance remained positive but narrowed from the same period a year earlier. Meanwhile, GDP growth continued to be supported by higher final consumption expenditure. On a seasonally adjusted quarterly basis, the economy grew 0.2% in Q2 2026, maintaining the same pace recorded in each of the previous two quarters.

Slovakia’s economy grew by 0.9% year-on-year in the first quarter of 2026, matching initial estimates and easing from a one-year high of 1.0% in the previous quarter. Industry (-0.7%) exerted the largest drag on growth, mainly due to weaker manufacturing output in electrical equipment, coke and refined petroleum products, and rubber and plastic products. Contractions in financial and insurance activities (-7.3%) and arts, entertainment and recreation (-1.9%) also weighed on the economy. On the expenditure side, growth was supported by a rebound in household consumption (1.1% vs -1.2%), while government spending fell (-0.4% vs 0.3%). Gross fixed capital formation declined 6.4%, while net exports contributed positively as exports (-0.1%) fell less than imports (-1.3%), shifting the trade balance into surplus from a deficit in the previous quarter. On a seasonally adjusted quarterly basis, the economy expanded 0.2%, matching the pace recorded in the previous quarter.

Slovakia’s economy expanded 0.9% year-on-year in the first quarter of 2026, matching market expectations and easing slightly from a one-year high of 1.0% in the previous three-month period, preliminary estimates showed. Weaker investment activity weighed on overall expansion, although economic activity remained supported by strong household final consumption expenditure and a positive foreign trade balance. On a seasonally adjusted quarterly basis, the economy grew 0.2% in Q1 2026, maintaining the pace recorded in the previous quarter.