Fiscal Balance in Czech Republic
Czech Republic - Fiscal Balance
Available data signals that economic activity moderately lost pace in Q1. Despite industrial output rebounding in February, the crucial car production sector remained weak amid challenging external conditions, particularly in Germany. Moreover, both business confidence and the manufacturing PMI dipped in March, bringing their quarterly average below that of Q4 2018 and signaling softer dynamics in the private sector. On the demand side, although retail sales fared relatively well in January–February, declining consumer confidence and rising inflation throughout the quarter likely restrained household consumption somewhat. Turning to Q2, the PMI continued on its downward spiral and hit an over six-year low in April, boding ill for manufacturing activity. Meanwhile, in mid-April the police recommended the indictment of Prime Minister Andrej Babis over the long-running allegation of EU subsidy fraud. State prosecutors would have to decide on whether to press charges, raising political uncertainty ahead.Czech Republic - Fiscal Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -1.2 | -2.1 | -0.6 | 0.7 | 1.6 |
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.85 | -1.85 % | May 13 |
| Exchange Rate | 22.92 | -0.66 % | May 13 |
| Stock Market | 1,044 | -0.10 % | May 13 |
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Economic News
Czech Republic: Economic growth slows marginally in Q1
May 15, 2019
Annual GDP growth slowed a notch in the first quarter of the year in seasonally- and price-adjusted terms (Q1 2019: +2.5%; Q4 2018: 2.5%), broadly in line with market expectations.
Czech Republic: Inflation eases from over six-year high in April
May 13, 2019
Consumer prices rose 0.1% from the previous month in April, following March’s 0.2% month-on-month increase.
Czech Republic: Industrial production cools in March
May 9, 2019
Industrial production rose a marginal 0.1% year-on-year in March, moderating from February’s 1.5% increase.
Czech Republic: Manufacturing PMI dips to lowest point since late-2012 in April
May 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell from 47.3 in March to 46.6 in April, marking the fifth successive monthly contraction of the all-important sector and the lowest reading since December 2012.
Czech Republic: CNB delivers first rate hike of 2019
May 2, 2019
On 2 May, the Bank Board of the Czech National Bank (CNB) unanimously decided to lift the two-week repo rate by 25 basis points to 2.00%, marking the first rate hike of the year.
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