All analysis from category Macro comment
Macro comment
PMI in November: easing of the manufacturing slump
For the eighteenth month in a row, business conditions in November were below the neutral value of 50 points indicating a decline in business activity.

Macro comment
Consumer prices in October: Technical re-inflation
Although nothing extraordinary happened, year-on-year inflation rose again. This is because last year's electricity price savings tariff comes into play. The consumer price index rose 0.1 per cent month-on-month in October, with year-on-year inflation rising from 6.9 per cent to 8.5 per cent.

Macro comment
Unemployment in October: decline due to seasonal factors
Unemployment tends to fall in October, and this year is no different.

Macro comment
Retail sales in September: pace of sales decline accelerates
Retail sales fell for the seventeenth month in a row year-on-year in September, and the pace of decline deepened for the third month in a row.

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.
