BRATISLAVA (dpa-AFX) - Slovakia's economy expanded at a slower pace in the third quarter, flash figures from the Statistical Office of the Slovak Republic showed on Friday.
Gross domestic product grew an unadjusted 0.3 percent year-over-year in the third quarter, slower than the 0.8 percent rise in the second quarter. Moreover, this was the weakest increase since the fourth quarter of 2022.
The insignificant growth of the economy was driven by higher household consumption and growth in investments, the agency said.
On a seasonally adjusted basis, the annual economic growth softened to 0.5 percent from 0.7 percent.
Compared to the previous quarter, GDP rose at a stable pace of 0.1 percent.
Consumer price inflation eased to a 22-month low of 3.0 percent in October from 3.1 percent in September. Monthly, consumer prices remained flat.
Transport inflation eased to 7.3 percent from 9.1 percent as lower fares reduced the impact of rising fuel prices on overall inflation. Housing and utility costs grew at a stable pace of 7.8 percent, while the deflation in food and non-alcoholic beverages moderated to 2.7 percent from 3.2 percent.
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