• Slovakia’s balance of trade in April ended in deficit of SKK 1.166bn. Exports rose by 25.2% y/y while imports by 14.9% y/y.
• Inflation in Slovakia in May was below expectations. Prices increased by 2.3% y/y while they remained flat in month-on-month comparison. Core inflation in May reached 0.2% m/m.
• US balance of trade deficit reduced to USD
58.5bn in April which is a better result than market expected.
• Gross domestic product of Japan increased by 3.3% y/y in the 1Q07 when the number was revised from previous 2.4%.
ding to Czech National Bank, GDP growth was by 0.3% higher than its forecast while inflation is 0.5% above its forecast.