All analysis from category Macro comment
Macro comment
GDP in Q2: slow growth driven by household consumption
According to the first estimate, gross domestic product grew by 0.3% quarter-on-quarter and by 0.4% year-on-year in Q2, following growth of 0.2% quarter-on-quarter in Q1.
Macro comment
Consumer prices in June: Inflation easing
After two years of high inflation, we can enjoy calm prices this month. There are no significant price increases in any part of the consumer basket. Only some administratively determined prices and seasonal fluctuations stand out from time to time. The consumer price index fell by 0.3 per cent in June, with annual inflation returning to 2.0 per cent.
Macro comment
Unemployment in June: Seemingly windless
At first glance, nothing special is happening in the labour market. A closer look reveals a gradual deterioration in the situation, which fits in with current developments in industry and construction. The share of the unemployed in the population stagnated at 3.6 per cent in June, while the number of registered jobseekers fell slightly to 273,000.
Macro comment
Foreign trade in May: larger cumulative surplus in five months than in the whole year 2023
The balance of foreign trade ended in a surplus of CZK 13.6 billion in May. This is a year-on-year improvement by CZK 4.4 billion. Exports grew by 1.2% year-on-year. Imports stagnated.
Macro comment
Industry in May: pace of decline accelerates
Industrial production in May showed a year-on-year decline for the third month in a row, and the rate of decline is accelerating.
