Czech Republic: Czech economy slows in Q2
August 16, 2016
GDP grew 0.9% over the previous quarter in Q2 in seasonally- and working-day adjusted terms, according to an advance estimate released by the National Statistics Office (CSO) on 16 August. The result came in above the 0.4% growth tallied in Q1 and overshot the 0.6% expansion markets had expected. It also marked the lowest reading in one year and a half. More detailed data will be released on 2 September.
In annual terms, GDP grew 2.5% in Q2, which represented a deceleration compared to the 3.0% rise observed in Q1.