Slovenian Economic Mirror
Slovenian Economic Mirror
Slovenian Economic Mirror - June 2008
Contents
| In the Spotlight | GDP recorded relatively high growth in the first quarter (5.4%) and a change in structure; inflation increases due to further oil price rises |
| International Environment | Economic growth in EMU was higher than expected in the first quarter and set to slow down towards the end of the year; inflation in EMU at 4.0% in June |
| Competitiveness | The deterioration in price competitiveness decelerated in the first quarter, but year-on-year comparisons are somewhat more unfavourable due to high inflation |
| Balance of Payments | Growth of services flows notably stronger than goods flows |
| Price Trends & Policy | Oil and food prices remain the main driver of year-on-year inflation; price rises observed in an increasing number of products and services |
| Money Market – Household Savings | Growth of household time deposits and net outflows of assets from mutual funds managed by domestic administrators continue |
| Money Market – Loans | Non-banking sector net repaid foreign currency loans in April |
| Labour Market | Employment increased again in April, and the registered unemployment rate dropped to 6.6% |
| Earnings | Movements of the average gross wage per employee in the first four months in line with the Spring Forecast |
| Earnings in the Public Sector | Negotiations on the wage system in the public sector completed |
| Manufacturing | Further decline in business expectations |
| Private Consumption & Household Indebtedness | Private consumption growth strengthened in the first quarter |
| Tourism | Strong growth of the number of employees in hotels and restaurants |
| Distributive Trade | Strong value added growth in the first quarter |
Selected Topics | |
|---|---|
| Slovenian Enterprises in 2007 | Considerable strengthening of entrepreneurial activity recorded last year |
| Data, Main Indicators, International Comparisons, Graphs | |