All analysis from category Macro comment
Macro comment
Wages in Q1 2024: Real improvement after two years
Inflation had been depressing the real value of wages in the Czech economy for more than two years. In the first quarter of this year, wage growth finally outpaced price increases
Macro comment
State budget from January to May: monthly deficit of CZK 57 billion in May
In the first five months of this year, the central government ran a deficit of CZK 210.4 billion. Last year in the same period, the budget was in deficit of CZK 271 billion. The twelve-month deficit currently stands at CZK 228 billion.
Macro comment
PMI in May: pace of decline in manufacturing slows
Business conditions in May have been below the neutral 50-point level indicating a decline in business activity for two years in a row. Business conditions in May have been below the neutral 50-point level indicating a decline in business activity for two years in a row.
Macro comment
Consumer prices in April: undulating inflation
When rising fuel prices and rising food prices come together, it often results in a significant boost to inflation. That's exactly what happened in April. The Consumer Price Index rose 0.7 percent last month, with year-over-year inflation jumping to 2.9 percent.
Macro comment
Unemployment in April: Gradual erosion
The labour market is seemingly calm. In reality, the situation is slowly deteriorating, reflecting the lacklustre recovery in the growth of the Czech economy. By the end of April, the share of unemployed in the population had fallen to 3.7 per cent from 3.9 per cent in March. This is, of course, due to the usual spring seasonality.
