All analysis from category Macro comment
Macro comment
Foreign trade in September: back in surplus after 2 months
The balance of foreign trade ended in a surplus of CZK 12.8 billion in September. After deficits in July and August, the trade balance returned to a surplus. This is a year-on-year improvement by CZK 25.3 billion.
Macro comment
Industry in September: falling domestic and foreign demand
Industry in September: falling domestic and foreign demandIndustrial production fell for the third month in a row in September, with declines recorded in most sectors and no significant improvement likely before the end of the year.
Macro comment
October state budget: first monthly deficit since May
In January-October, the central government ran a deficit of CZK 211 billion. In October alone, the budget was in deficit of CZK 30 billion. This is the first monthly deficit since May. The twelve-month balance fell to CZK -284 billion.
Macro comment
PMI in October: Downturn continues
Unfortunately, the economic situation is not improving. Although the Purchasing Managers' Index increased slightly from 41.7 to 42 points in October, it still remains well below the threshold between recession and upturn (50 points).
Macro comment
GDP in Q3 2023: Cloudy with a chance of recession
For a year and a half, the economy has been stalling or declining. The latter is the case in this year's Q3. Compared to the previous quarter, GDP is down 0.3 per cent, and the economy's year-on-year performance is down 0.6 per cent. Today's economic performance is lower than GDP at the end of 2021.
