All analysis from category Macro comment
Macro comment
Q3 GDP: Slowly moving forward
After a series of negative shocks faded, the economy returned to growth. However, this is still very slow and does not allow a return to faster wage growth and improving living standards. GDP increased by 0.3 per cent in the third quarter of this year compared to the previous quarter, with the annual growth rate accelerating to 1.3 per cent.
Macro comment
Consumer prices in September: expensive school, cheap recreation
The end of the holiday season brings two strong price movements, with vacations getting cheaper and school getting more expensive. The Consumer Price Index fell 0.4 percent month-over-month last month, and year-over-year inflation accelerated slightly to 2.6 percent.
Macro comment
Retail sales in August: growth in petrol sales and e-shop sales
Domestic demand remains a key pillar of the economy this year. A moderation in inflation and moderate wage growth are key factors. Retail sales increased by 0.1 per cent in real terms in August compared to the previous month and rose by 5.3 per cent year-on-year.
Macro comment
Unemployment in September: fresh graduates on the labour market
September is the month when the labour market statistics are hit by an influx of fresh school and apprenticeship graduates who have finished their last holidays. With labour market absorption falling, this has led to an increase in the unemployed share of the population by a tenth of a percentage point to 3.9 per cent. The total number of registered jobseekers increased by almost 28 thousand year-on-year to 291 thousand.
Macro comment
Industry in August: The impact of different holiday use
A shift in the use of full-holidays has shuffled the economic statistics a bit this holiday season. For the industry, this factor helped to boost production by 1.8 per cent in August compared with the previous month and to increase output by 1.5 per cent year-on-year. However, if we look at the data for July and August together, we see a stagnation in industrial production.
