All analysis from category Macro comment
Macro comment
PMI in March: recovering foreign demand
The business conditions index was below the neutral value of 50 points in March for the thirty-fourth month in a row, indicating a decline in business activity.
Macro comment
Retail sales in January: slowing growth at the beginning of the year
Retail sales had risen year on year for 14 months in a row in January and, owing to continued growth in real household incomes, a similar development could be expected this year.
Macro comment
Industry in January: start of the year marked by uncertainties
Industrial production in January showed a year-on-year decline for the fourth month in a row. A decline was also reported on a month-on-month basis.
Macro comment
Foreign trade in January: Solid start to the year
Although economic conditions in Europe are not the best, Czech companies are still doing well in foreign trade. However, both sides of the trade have been helped by the relatively low figures last January, against which this year's figures are being compared. Exports are up 12.2 per cent year-on-year, while imports are up 8.7 per cent. The trade surplus reached CZK 20.0 billion, compared with CZK 7.0 billion last January.
Macro comment
Wages in Q4: Solid growth at the end of the year
After two years of inflation significantly outpacing wage growth, real wages finally rose again last year. In the final quarter of last year, average wages rose by 7.2 per cent to CZK 49,229, with real wages rising by 4.2 per cent. For the whole of last year, the average wage was CZK 46 165.
