All analysis from category Macro comment
Macro comment
Consumer prices in August: More expensive fuel
Inflation is pretty closely matching expectations that it will fall, but at an increasingly gradual pace. In August, consumer prices rose 0.2 per cent month-on-month, while annual inflation slowed from 8.8 per cent to 8.5 per cent.
Macro comment
Unemployment in August: slight seasonal increase
The share of unemployed persons in the 15-64 population rose by 0.1 percentage point to 3.6% in August. It is 0.2 percentage point higher year-on-year. 261 thousand jobseekers were registered at labour offices, 2 thousand more than in July. Seasonally adjusted, we estimate that the jobless rate stagnated at 3.6%. In other words, the increase in unemployment is purely due to seasonal factors.
Macro comment
Retail sales in July: continued slowdown in sales decline
Retail sales fell for the fifteenth month in a row in July on a year-on-year basis, but the rate of decline was slowing for the fifth month in a row and there was a gradual improvement in certain product groups.
Macro comment
Foreign trade in July: first deficit this year
The balance of foreign trade ended in a deficit of CZK 5.9 billion in July. July was the first month this year when the trade balance was in deficit. Even so, this is a year-on-year improvement of CZK 16.6 b
Macro comment
Industry in July: declining production and new orders
Industrial production started to decline again in July after two months, and this decline was evident in most sectors. The outlook is not positive for the following months either.
