All analysis from category Macro comment
Macro comment
Consumer Prices in April: Tamed Inflation
It has not been a long time since inflation fell below the CNB's inflation target. The last time it started at number one was exactly seven years ago in April 2018. This April, consumer prices decreased by 0.1 percent month-on-month and year-on-year inflation fell to 1.8 percent.
Macro comment
PMI in April: uncertainty due to trade war
The business conditions index was below the neutral value of 50 points in April for the thirty-fifth month in a row, indicating a decline in business activity.
Macro comment
GDP in Q1: Cautious recovery
After a series of negative shocks between 2020 and 2023, a gradual recovery in economic growth came last year. At the beginning of this year, the positive trend continues. GDP increased by 0.5 per cent in Q1 compared with the previous quarter and rose by 2.0 per cent year-on-year.
Macro comment
Unemployment in March: decline due to seasonal factors
March typically sees a higher take-up of seasonal work, which lowers overall unemployment, and this year was no different.
Macro comment
Foreign trade in February: in the shadow of the tariff war
The development of exports and imports currently gives a fairly accurate indication of the state of foreign and domestic demand. The volume of exports increased by 1.3 per cent year-on-year in February, while imports rose by 1.6 per cent. However, the data was also affected by the fact that this February had one less working day than last year. Total foreign trade posted a surplus of CZK 35.5 billion, which was CZK 0.5 billion less than last February.
