All analysis from category Macro comment
Macro comment
Consumer prices in April: Inflation decline gathers momentum
We are slowing down! The expected decline in inflation is here. The consumer price index fell 0.2 per cent month-on-month in April. Year-on-year inflation slowed to 12.7 percent. Unless something surprising happens, inflation should return to single digits over the holidays.
Macro comment
Unemployment in April: seasonal decline in unemployment
The share of unemployed persons in the 15-64 population fell by 0.1 percentage point to 3.6% in March. It is 0.3 percentage point higher year-on-year. 262 thousand jobseekers were registered at the labour offices. After seasonal adjustment, we estimate that the jobless rate stagnated at 3.6%, or the decline in unemployment is due only to seasonal factors such as the start of work in agriculture and construction.
Macro comment
Foreign trade in March: in surplus again
The balance of foreign trade ended in a surplus of CZK 15.9 billion in March, an improvement of CZK 28.1 billion year-on-year. This is the third month in a row that foreign trade has been in surplus.
Macro comment
Industry in March: growth thanks to car production
Industrial production increased in March, mainly thanks to growth in car production, but most sectors showed a decline in production and the outlook for the future does not show any significant improvement.
Macro comment
Retail sales in March: sales down in most product groups
Retail sales fell in February for the eleventh month in a row on a year-on-year basis. As households' real incomes are falling, a decline in sales is recorded in most product groups. Retail sales excluding motor vehicles fell by 0.7 per cent month-on-month on a calendar and seasonally adjusted basis. Year-on-year, retail sales fell by 8.1 per cent on a calendar-adjusted basis.
