All analysis from category Macro comment
Macro comment
Industry in June: gradual slowdown in production growth
Industrial production had increased in June, mainly thanks to growth in car production, but it was gradually slowing down, and production was falling in most other sectors.
Macro comment
Retail sales in June: pace of sales decline slows down
Retail sales fell for the 14th month in a row in June on a year-on-year basis, but the rate of decline slowed for the fourth month in a row, partly due to the low comparative base from last year and also due to slow month-on-month growth
Macro comment
July state budget: money from EU and CEZ will help
In January-July, the central government ran a deficit of CZK 214 billion. In July alone, the budget was in surplus of CZK 1.2 billion. The twelve-month balance, though down, still remains at CZK 382 billion.
Macro comment
PMI in July: only a slight improvement in conditions
Business conditions in July were below the neutral value of 50 points for the 14th month in a row, indicating a decline in business activity.
Macro comment
GDP in Q2 2023: Minimum growth
Minimal growth or stagflation are probably the most apt terms to describe this year's economic situation. GDP increased by 0.1 per cent in Q2 compared to the previous three months when it stagnated for a change. Year-on-year, the economy's performance fell by 0.6 per cent.
