Consumption in Czech Republic
Czech Republic - Consumption
Economy expands at softer pace in Q2
The economy expanded 3.6% in seasonally-adjusted year-on-year terms in Q2, following Q1’s 4.9% increase. The war in Ukraine weighed on the economy, affecting supply chains, energy prices and the economic outlook. Meanwhile, output increased 0.2% on a seasonally-adjusted quarter-on-quarter basis in Q2, following the 0.9% rise recorded in Q4.
Household and capital spending made positive contributions to year-on-year growth in Q2, while domestic demand supported the quarter-on-quarter expansion. A detailed breakdown is scheduled to be released on 30 August.
FocusEconomics analysts see GDP expanding 4.6% in 2022, which is down 0.1 percentage points from last month’s forecast, and 3.6% in 2023.
Czech Republic - Consumption Data
|Consumption (annual variation in %)||3.8||3.5||4.4||3.1||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Facts
|Bond Yield||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
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August 12, 2022
Consumer prices rose 1.33% from the previous month in July, decelerating slightly from June's 1.58% increase.
August 9, 2022
Industrial production expanded 1.7% year on year in working-day adjusted terms in June (May: +3.3% yoy).
August 3, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) dropped from June's 49.0 to 46.8 in July, the lowest value in 26 months.
July 29, 2022
The economy expanded 3.6% in seasonally-adjusted year-on-year terms in Q2, following Q1’s 4.9% increase.
July 26, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 95.7 in July from 98.3 in June. The business confidence index decreased to 100.2 from June’s 103.1.