Analysts: Foreign trade surprised by the surplus and the turnover in May Article | goods



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Bratislava, July 9 (TASR) – Foreign trade is surprisingly surprised by the surplus and the turnover in May. According to the foreign analyst Lubomír Koršňák, analyst of UniCredit Bank in the Czech Republic and Slovakia

foreign trade, according to him, in May, after a weaker Easter month, restarted at full speed, with its surplus compared to the previous one. the year has slightly underlined. According to the Statistical Office of the Slovak Republic, the monthly surplus amounted to 359 million euros. The twelve-month surplus of foreign trade was highlighted from a revised gross domestic product (GDP) of 3.4% to 3.5% of GDP.

Even more optimistic than the foreign trade surplus, Kornishak is looking into the recovery of foreign trade. In May, it was possible to see an increase in trade on both sides of the balance – exports and imports. 'Exports rose 7.3% one year on the other, imports 6.0%, but it is important to note that a strong nominal growth momentum is partly due to rising oil prices on both sides of the scales. with imports of mineral oil (fuels) rose 4.5% YoY, exports 5.6%, "said Korčňák.

strong domestic demand, if the import of technologies for a new car factory, but also industrial supplies According to Koršňák, before the start of production, is expected to continue to push for imports over most of the year.High imports should also be offset by exports This should lead to a wave of continued recovery in Europe (albeit weakly weakened), which should benefit the (already established) national auto industry, which is at the end of the portfolio modernization phase. model (VW finished, KIA launched the new generation

"At the end of the year (last quarter), and especially next year, foreign trade surpluses should reco To begin to grow significantly, especially under the influence of the Jaguar Land Rover that crosses the country, from investment to the production phase. The risk to foreign trade is a possible disruption of trade between the EU and the United States, which would be felt particularly by the Slovak car industry (directly and indirectly by the slower growth of European economies). The foundations of Katarina Mucha 's foreign trade remain favorable and, in the second half, (19659002) "The contribution of net exports to the growth of the economy will not, however, meet domestic demand and growth will continue to grow. attracting growth of the Czech economy mainly consumption and investment of households Our estimate of growth of the Slovak economy remains at 3.9% this year, added Muchová [19659002] In the preliminary report, the Statistical Office of the RS reported that in May 2018, total exports of goods reached 6.795 billion euros, 3%, total imports of goods to the Republic Slovak rose 6% to 6,436 billion euros, while the foreign trade balance was active at 358.8 million euros and therefore 96.9 million euros more than 39, at the same time of the previous year e [19659008] [ad_2]
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