All analysis from category Macro comment
Macro comment
Foreign trade in June: Revival of domestic demand and higher oil prices
Exports and imports have been rising this year thanks to a slight improvement in the economic situation in the euro area and a recovery in domestic demand. The latter factor is slightly stronger, which is why the trade surplus has narrowed this year. Exports increased by 7.4 per cent year-on-year in June, imports rose by 9.2 per cent and foreign trade reached a surplus of CZK 26.3 billion.
Macro comment
Consumer prices in July: More expensive services and early potatoes
The first half of this year was marked by slightly higher inflation. A gradual return to lower levels is expected in the second half. This came to fruition in July. The consumer price index rose by 0.5 per cent last month, while annual inflation slowed from 2.9 to 2.7 per cent.
Macro comment
PMI in July: conditions worsen again
In July, the business conditions index fell below the neutral value of 50 points, indicating a decline in economic activity among companies.
Macro comment
GDP in Q2: stable domestic demand
In a quarter-on-quarter comparison, preliminary estimates show that GDP grew for the seventh consecutive quarter in Q2. The situation is greatly helped by the stable positive contribution of household consumption, while foreign demand remains uncertain.
Macro comment
Unemployment in June: Stagnation with Uncertainty Ahead
June typically brings a strong onset of seasonal jobs, especially in tourism and hospitality.
