All analysis from category Macro comment
Macro comment
GDP in Q1: Cautious recovery
After a series of negative shocks between 2020 and 2023, a gradual recovery in economic growth came last year. At the beginning of this year, the positive trend continues. GDP increased by 0.5 per cent in Q1 compared with the previous quarter and rose by 2.0 per cent year-on-year.
Macro comment
Unemployment in March: decline due to seasonal factors
March typically sees a higher take-up of seasonal work, which lowers overall unemployment, and this year was no different.
Macro comment
Foreign trade in February: in the shadow of the tariff war
The development of exports and imports currently gives a fairly accurate indication of the state of foreign and domestic demand. The volume of exports increased by 1.3 per cent year-on-year in February, while imports rose by 1.6 per cent. However, the data was also affected by the fact that this February had one less working day than last year. Total foreign trade posted a surplus of CZK 35.5 billion, which was CZK 0.5 billion less than last February.
Macro comment
Industry in February: trade war increases uncertainty
Industrial production in February showed renewed growth in year-on-year comparison after four months of decline.
Macro comment
Retail sales in February: upward momentum continues
Retail sales had risen year-on-year for fifteen months in a row in February and were likely to continue to increase thanks to rising real household incomes.
