All analysis from category Macro comment
Macro comment
Retail sales accelerated in August
Retail sales fell for the sixteenth month in a row in August on a year-on-year basis, and the pace of decline deepened further compared with the previous month.
Macro comment
September budget: good collection of corporate income tax
In January-September, the central government ran a deficit of CZK 181 billion. In September alone, the budget was in surplus by almost CZK 14 billion. The twelve-month balance fell to CZK 270 billion.
Macro comment
PMI in September: demand stagnation continues
Business conditions were below the neutral value of 50 points in September for the 16th month in a row, indicating a decline in business activity.
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.
