Czech Republic GDP Q2 2016

Czech Republic

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.

The Czech National Bank expects the economy to expand 2.3% in 2016 and 3.4% in 2017. FocusEconomics Consensus Forecast panelists expect the economy to expand 2.5% in 2016, which is unchanged over the previous month’s projection. For 2017, the panel sees GDP increasing 2.6%.

Author: Massimo Bassetti, Economist

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Czech Republic GDP Chart

Czech Republic GDP Q2 2016 0

Note: Year-on-year changes of seasonally-adjusted GDP in %.
Source: Czech Statistical Office (CSO) and FocusEconomics Consensus Forecast.

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