Fitch Ratings affirmed Slovakia’s long-term foreign-currency Issuer Default Rating at A- with a Stable Outlook on October 30, 2026, citing the country’s deep integration with the euro area and continued EU fund inflows despite mounting budget pressures. However, fiscal consolidation is expected to lose momentum ahead of the 2027 parliamentary election, with the deficit projected to widen to 5.0% of GDP in 2027 before improving from 2028. The deterioration reflects higher public-sector wages, social spending, defense expenditure, and debt-servicing costs. Still, an average debt maturity of over eight years helps contain near-term refinancing risks. GDP growth is projected to grow by 0.8% in 2026 amid higher energy prices and financing costs linked to Middle East tensions. Growth is forecast to strengthen gradually to 1.8% by 2028, on rising automotive production and stronger investment. Other major agencies keep stable outlooks, with S&P rating Slovakia A, Moody’s A3, and DBRS A (low).

Fitch Affirms Slovakia at ’A-’ with Stable Outlook

China’s official NBS Non-Manufacturing PMI fell to 49.7 in October 2026 from September’s three-month high of 50.2, missing market expectations of 50.5 and indicating a contraction in services activity for the sixth time so far this year.

China Services Sector Unexpectedly Shrinks

China’s official NBS Manufacturing PMI fell to 49.3 in October 2026 from 50.1 in September, missing market expectations of 50.0 and marking its lowest reading since July.

China Manufacturing Unexpectedly Weakens

China’s NBS Composite PMI Output Index slipped to 49.7 in October 2026 from September’s nine-month high of 50.7, marking the fifth contraction in overall business activity so far this year. The decline reflected a contraction in manufacturing output and a renewed downturn in the services sector, which had expanded in the previous month.

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Fitch Affirms Slovakia at ’A-’ with Stable Outlook

China Services Sector Unexpectedly Shrinks

China Manufacturing Unexpectedly Weakens

China Composite PMI Falls Back into Contraction