All analysis from category Macro comment
Macro comment
Unemployment in June: Seemingly windless
At first glance, nothing special is happening in the labour market. A closer look reveals a gradual deterioration in the situation, which fits in with current developments in industry and construction. The share of the unemployed in the population stagnated at 3.6 per cent in June, while the number of registered jobseekers fell slightly to 273,000.
Macro comment
Foreign trade in May: larger cumulative surplus in five months than in the whole year 2023
The balance of foreign trade ended in a surplus of CZK 13.6 billion in May. This is a year-on-year improvement by CZK 4.4 billion. Exports grew by 1.2% year-on-year. Imports stagnated.
Macro comment
Industry in May: pace of decline accelerates
Industrial production in May showed a year-on-year decline for the third month in a row, and the rate of decline is accelerating.
Macro comment
Retail sales in May: growth of non-food goods slows down
Retail sales had risen for the sixth month in a row in May on a year-on-year basis and were expected to continue rising thanks to rising real household incomes.
Macro comment
State budget in January-June: on track for full-year deficit of around CZK 250 billion
The state budget ended with a deficit of CZK 178.6 billion in January-June. This is an improvement of CZK 36.7 billion year-on-year. Expenditure is stagnating year-on-year, as there is no longer a need to pay support due to high energy prices. In contrast, tax revenue is up by 8.6% year-on-year.
