All analysis from category Macro comment
Macro comment
Industry in March: growth thanks to car production
Industrial production increased in March, mainly thanks to growth in car production, but most sectors showed a decline in production and the outlook for the future does not show any significant improvement.
Macro comment
Retail sales in March: sales down in most product groups
Retail sales fell in February for the eleventh month in a row on a year-on-year basis. As households' real incomes are falling, a decline in sales is recorded in most product groups. Retail sales excluding motor vehicles fell by 0.7 per cent month-on-month on a calendar and seasonally adjusted basis. Year-on-year, retail sales fell by 8.1 per cent on a calendar-adjusted basis.
Macro comment
GDP in Q1 2023: The recession is over, growth has not started
The Czech economy is stalling. High inflation is still weighing on households. The decline in GDP has stopped, but growth is minimal. In Q1, GDP increased by 0.1 per cent compared to the previous quarter, or fell by 0.2 per cent year-on-year.
Macro comment
PMI in April: continued decline in new orders
Business conditions in April were below the neutral 50-point threshold marking a decline in business activity for the eleventh month in a row. On a month-on-month basis, there was an even sharper decline in firms' output and, unfortunately, a fall in new orders at home and abroad due to falling household demand. The seasonally adjusted manufacturing purchasing managers' index fell from 44.3 points to 42.8 points month-on-month in April.
Macro comment
Consumer prices in March: Expensive food, cheaper energy
Inflation is starting to lose momentum, but it is weakening only slowly. The consumer price index rose by 0.1 percent month-on-month in March. Year-on-year inflation slowed to 15.0 percent. Core inflation remains in double digits.
