Czechy - Tempo wzrostu PKB

The Czech economy grew by 0.3 percent quarter-on-quarter in the three months to September 2019, easing from a 0.7 percent expansion in the previous period and missing market consensus of 0.4 percent, a preliminary estimate showed. It was the weakest pace of growth since the first quarter of 2016. Both the domestic and external demand contributed to the expansion. On the production side, growth was mainly supported by trade, transportation & storage, accommodation & food service activities, and information & communication. Construction continued to rise, while industry slowed. On a yearly basis, the GDP advanced by 2.5 percent, also below market forecasts of 2.7 percent.

The Czech quarterly economic growth was revised higher to 0.7 percent in the second quarter of 2019 from a preliminary estimate of 0.6 percent and compared to the previous period's expansion of 0.6 percent. Household consumption advanced 0.7 percent (vs 1.1 percent in Q1) and government spending increased 1.2 percent (vs 0.6 percent in Q1). In addition, net external demand contributed positively to the GDP growth as exports rose 1.7 percent (vs -1.6 percent in Q1) while imports dropped 0.4 percent (vs -0.2 percent in Q1). Meanwhile, fixed investment continued to contract (-0.6 percent vs -0.3 percent). On the production side, the highest contribution to the growth came from construction (1.9 percent) and information and communication (2.7 percent), while manufacturing shrank 0.3 percent. Year-on-year, the economy expanded 2.7 percent.

The Czech economy expanded 0.6 percent on quarter in the three months to June 2019, the same pace as in the previous period and slightly above market expectations of 0.5 percent, a preliminary estimate showed. Growth was mainly supported by household consumption and external demand, while fixed investment slowed. On the production side, the highest contribution to the growth came from trade, transportation and storage, and accommodation and food service activities. Year-on-year, the economy expanded 2.7 percent, also above consensus of 2.6 percent.