Investment in Czech Republic
Czech Republic - Investment
GDP growth records quickest expansion since Q2 2021 in Q1 2022
GDP growth gathered pace to 4.8% in the first quarter, from 3.6% in the fourth quarter of last year. Q1's reading marked the best reading since Q2 2021.
Household spending increased 8.5% in the first quarter, which was below the fourth quarter's 9.3% expansion. Government consumption picked up to a 2.0% expansion in Q1 (Q4 2021: +1.0%). Fixed investment growth increased to 7.4% in Q1, compared to the 3.0% expansion logged in the prior quarter.
On the external front, exports of goods and services contracted at a slower rate of 0.1% in the first quarter, which marked the best reading since Q2 2021 (Q4 2021: -5.7% ). Conversely, imports of goods and services growth edged down to 3.7% in Q1 (Q4 2021: +4.0%), marking the worst reading since Q4 2020.
On a seasonally-adjusted quarter-on-quarter basis, economic growth accelerated to 0.9% in Q1, from the previous quarter's 0.8% growth.
FocusEconomics analysts see GDP expanding 3.6% in 2022, which is down 0.1 percentage points from last month’s forecast, and 4.5% in 2023.
Czech Republic - Investment Data
|Investment (annual variation in %)||10.3||-3.2||4.0||7.5||2.7|
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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June 23, 2022
At its 22 June meeting, the Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 125 basis points, from 5.75% to 7.00%, marking the ninth consecutive hike and bringing the key rate to its highest level since 1999.
June 13, 2022
Consumer prices rose 1.76% from the previous month in May, decelerating slightly from April's 1.79% increase.
June 9, 2022
Industrial output dropped 3.8% year on year in working-day adjusted terms in April (March: -1.3% yoy).
June 3, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) dropped from April's 54.4 to 52.3 in May, the lowest value since October 2020.
June 2, 2022
GDP growth gathered pace to 4.8% in the first quarter, from 3.6% in the fourth quarter of last year.