In the first quarter, GDP contracted 0.7% over the same quarter last year in seasonally and calendar adjusted terms, according to revised data released by the statistical institute on 8 June. The quarterly drop was slightly up from the 1.0% decline previously reported in the 15 May estimate and represents the first fall in economic activity since March 2010, when the economy came out of recession. The quarterly drop mainly reflected a further deterioration in domestic demand, although the external sector also weakened somewhat. Total consumption deteriorated over the previous quarter, with private consumption contracting 2.9% annually in the first quarter (Q4 2011: -0.7% year-on-year) and government spending declining 0.2% (Q4 2011: -2.1% yoy). On the other hand, gross fixed investment expanded 1.0% in the first quarter, which contrasted the 0.6% declined tallied in the fourth. Meanwhile, exports of goods and services accelerated from a 5.2% increase in the fourth quarter to a 6.5% expansion in the first quarter. Imports grew 3.9% in Q1, faster than the 1.5% growth rate observed in the final quarter of 2011. Accordingly, the external sector
Czech Republic GDP
Economic activity contracts for the first time in two years
June 8, 2012
Looking for forecasts related to GDP in Czech Republic? Download a sample report now.
Czech Republic Economic News
October 24, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from September’s 97.1 points to 97.5 points in October, marking a nine-month high.
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading.
October 7, 2016
Industrial production grew 13.1% year-on-year in August, which sharply contrasted the 14.1% fall registered in July and was the best result since May 2011.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from August’s 50.1 to a four-month high of 52.0 in September.
September 29, 2016
At its meeting on 29 September, the Czech National Bank (CNB) decided to leave the two-week repo rate unchanged at its so-called “technical zero” of 0.05%.