All analysis from category Macro comment
Macro comment
Industry in January: stagnation at the beginning of the year
Industrial production stagnated in January on a year-on-year basis, deteriorated on a month-on-month basis and the start of the year did not bring any improvement in conditions.
Macro comment
Retail sales in January: growth at the beginning of the year
Retail sales had risen year-on-year for the second month in a row in January and it was therefore likely that household consumption was beginning to recover thanks to the fall in inflation.
Macro comment
Consumer prices in February: Smoldering inflation in service prices
The inflation storm may have passed. Only fuel prices and a seasonal uptick in recreation prices increased significantly in February. The consumer price index rose 0.3 percent month-on-month in February, while annual inflation slowed to 2.0 percent.
Macro comment
Foreign trade in January: worsening surplus due to exports
The trade balance ended in a surplus of CZK 3.7 billion in January, a year-on-year deterioration of CZK 4.2 billion.
Macro comment
Unemployment in February: stagnation in unemployment and slight increase in job vacancies
The share of unemployed in the 15-64 population stagnated at 4.0% in February. This is an increase by 0.1 percentage point year-on-year. There were 296,000 jobseekers registered at the labour offices, 1,000 more than in January. Seasonally adjusted, we estimate that the jobless rate was flat at 3.7%.
