All analysis from category Macro comment
Macro comment
Industry in February: slow growth thanks to the automotive industry
Industrial production rose year-on-year in February after two months. However, certain sectors have shown a multi-month decline and the recovery in production in these sectors can be expected to be very modest.
Macro comment
Retail sales in February: sales growth continues
Maloobchodní tržby v únoru v meziročním srovnání rostly třetí měsíc v řadě a spotřeba domácností se stabilně zvyšuje v souladu s poklesem inflace na začátku roku.
Macro comment
PMI in March: weak external demand
Business conditions were below the neutral 50-point level indicating a decline in business activity for the twenty-second month in a row in March. On a month-on-month basis, there is improvement for the fourth month in a row, thanks to a slowdown in the rate of decline in manufacturing.
Macro comment
State budge for January-March: year-on-year decrease in expenditure
In the first three months of the year, the central government ran a deficit of CZK 105.0 billion. In the same period last year, the budget was in deficit of CZK 166.2 billion. The twelve-month deficit currently stands at CZK 227.3 billion.
Macro comment
CNB: The rapid reduction of interest rates continues
The Banking Council of the CNB decided to cut interest rates by another 50 basis points. The main two-week repo rate will drop to 5.75 percent. The central bank is reacting to the continued decline in inflation, which returned to the inflation target value in February. Lower rates are also required by the current economic situation, when GDP development oscillates between decline and weak growth.
