Czech Republic: Economy decelerates in Q3
November 15, 2016
Czech GDP grew 0.3% over the previous quarter in Q3 in seasonally- and working-day adjusted terms, according to an advance estimate released by the National Statistics Office (CSO) on 15 November. The result came in below the 0.9% growth observed in Q2 and undershot the 0.4% growth markets had expected. It also marked the lowest reading in three quarters. More detailed data will be released on 1 December.
In annual terms, GDP grew 1.9% in Q3, which represented a deceleration compared to the 2.6% rise observed in Q2 and the slowest pace since Q4 2013.