All analysis from category Macro comment
Macro comment
Industrial production in April: Significant increase in export orders
After last year's stalling, the industry returned to moderate growth this year. The promise of improvement in the months ahead is an increase in export orders. In April, the volume of industrial production increased by 0.9 per cent compared to the previous month, with year-on-year output up by 2.0 per cent.
Macro comment
Foreign trade in April: Slight decrease in positive balance
Exports and imports are benefiting this year from a slight recovery in demand both abroad and at home. However, April's results were affected by the fact that there was one working day less than a year ago.
Macro comment
Retail in April: Domestic demand strengthens
Domestic consumer demand remains the main pillar of economic growth this year. The return to real wage growth has improved the economic situation of most households and allowed them to increase their spending in stores. In April, retail sales increased by 1.2 percent in real terms compared with the previous month, and rose by 5.8 percent year-on-year.
Macro comment
Consumer prices in May: More expensive food, cheaper gasoline
After a few quiet months, the price level has turned slightly darker again. The Consumer Price Index rose by 0.5 per cent month-on-month in May, with annual inflation rising from 1.8 to 2.4 per cent.
Macro comment
Wages in Q1 2025: Continued real wage improvement
As the health of the economy improves, wages are also increasing, both in nominal and real terms. The average gross wage increased by 6.7 per cent year-on-year to CZK 46,924 in Q1 of this year, and after taking inflation into account, real wage growth reached 3.9 per cent. However, even this is not enough for the purchasing power of wages to reach the level of 2019.
