Analysis
Read expert studies and texts on current trends to help you quickly navigate the latest macroeconomic data
Macro comment
Foreign trade in January: worsening surplus due to exports
The trade balance ended in a surplus of CZK 3.7 billion in January, a year-on-year deterioration of CZK 4.2 billion.
Macro comment
Unemployment in February: stagnation in unemployment and slight increase in job vacancies
The share of unemployed in the 15-64 population stagnated at 4.0% in February. This is an increase by 0.1 percentage point year-on-year. There were 296,000 jobseekers registered at the labour offices, 1,000 more than in January. Seasonally adjusted, we estimate that the jobless rate was flat at 3.7%.
Macro comment
Wages in Q4: Two-year real decline
The last two years will not go down in the history of the Czech economy in the happiest way. Last year and the year before, living standards fell significantly as wages failed to keep pace with the dramatically rising prices of goods and services. The last straw in this negative series should be the development of wages at the end of last year. The average wage increased by 6.3 percent year-on-year to CZK 46,013 in the fourth quarter, but it fell by 1.2 percent in real terms.
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DLook Newsletter: 26 February - 1 March 2024
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Macro comment
State Budget for January and February: Slowdown in Expenditure Growth
In the first two months of this year, the central government ran a deficit of CZK 102.5 billion. In the same period last year, the budget was in deficit of CZK 119.7 billion. The twelve-month deficit currently stands at CZK 271.2 billion.
