All analysis from category Macro comment
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.
Macro comment
Foreign trade August: again in slight deficit
The balance of foreign trade ended in a deficit of CZK 3.8 billion in August after a deficit of CZK 7.2 billion in July. Even so, this is a year-on-year improvement of CZK 25.4 billion.
Macro comment
Unemployment in September: slight increase in unemployment
The share of unemployed in the 15-64 population stagnated at 3.6% in September. It is 0.2 percentage point higher year-on-year. 263 thousand jobseekers were registered at the labour offices, 2 thousand more than in August. Seasonally adjusted, we estimate that the jobless rate rose by 0.1 percentage point to 3.7%.
Macro comment
Industry in August: decline in production continues
Industrial production fell for the second month in a row in August, with a decline in production recorded in most sectors and a major turnaround unlikely before the end of the year.
