In the second quarter, GDP expanded 2.4% over the same period last year, according to the flash estimate released by the National Statistics Office on 16 August. The quarterly reading was below both the 2.8% increase observed in the first quarter and the Central Bank's growth estimate of 2.5%, but overshot market expectations of a 2.3% rise. On a quarter-on-quarter basis, GDP rose a seasonally adjusted 0.2%, which was below the 0.9% expansion observed in the first quarter. A complete and more detailed data set will be published on 9 September. The Central Bank sees the economy growing 2.1% this year, while for 2012 the Bank revised its growth estimates and now expects the economy to expand 2.2%, down from its previous 2.8% estimate. Monetary authorities argued that the austerity measures adopted by the government this year are likely to continue to dent economic growth in the coming year.
Czech Republic GDP
Economy moderates in second quarter
August 16, 2011
Looking for forecasts related to GDP in Czech Republic? Download a sample report now.
Czech Republic Economic News
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%.
September 26, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from August’s 96.8 points to 97.1 points in September, marking a seven-month high.