Czech Rep. Economic Outlook
June 5, 2018
Recently released detailed GDP data confirmed that the economy lost some steam at the start of the year, growing 4.4% in Q1 on a year-on-year basis, down from the 5.5% expansion recorded in Q4. Despite the slowdown, the pace of growth remained robust. Solid household spending—underpinned by an extremely tight labor market and substantial wage gains in both the public and private sectors—and buoyant fixed investment growth were the key drivers behind the expansion. Meanwhile, weaker Eurozone demand bruised export activity, weighing on the overall first-quarter performance. On the political front, the ruling ANO party struck a coalition agreement with the Social Democrats on 11 May, but it remains subject to approval by Social Democrats members in an internal referendum that will run until 14 June. Regardless of the outcome, however, President Miloš Zeman declared on 28 May that he plans to name Andrej Babiš as prime minister for a second time by mid-June, putting pressure on the Social Democrats to accept the deal. He has also ruled out early elections.Czech Republic Economic Growth
Household consumption is expected to remain the main engine of healthy economic growth this year. Fixed investment growth is also seen maintaining strong momentum, supported by EU funds deployed by the public sector and solid capital spending by the private sector to compensate in part for labor shortages. Met the why particular Consensus Forecast panelists see GDP growing 3.5% in 2018, which is unchanged from last month’s projection, and 3.0% in 2019.Czech Republic Economy Data
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Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.13 | -1.85 % | Jun 14 |
| Bond Yield | 2.13 | -1.85 % | Jun 14 |
| Exchange Rate | 21.87 | -0.66 % | Jun 14 |
| Exchange Rate | 21.87 | -0.66 % | Jun 14 |
| Stock Market | 1,075 | -0.11 % | Jun 14 |
| Stock Market | 1,075 | -0.11 % | Jun 14 |
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Czech Republic Economic News
Czech Republic: Inflation climbs in May
June 11, 2018
Consumer prices rose 0.5% in May from the previous month, accelerating slightly from April’s 0.3% rise.
Czech Republic: Industrial production rebounds robustly in April
June 6, 2018
Industrial production rose a solid 5.5% year-on-year in April, rebounding from the revised 1.5% drop recorded in March (previously reported: -1.1% year-on-year).
Czech Republic: Czech economy loses steam in Q1, but growth remains robust
June 1, 2018
A detailed breakdown of GDP, released by the Statistical Institute on 1 June, revealed that the economy lost some steam in the first quarter of the year compared to the previous quarter.
Czech Republic: Manufacturing PMI dips to a nine-month low in May
June 1, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dropped from 57.2 in April to 56.5 in May, a nine-month low.
Czech Republic: Economic sentiment falls in May from a near ten-year high
May 24, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), dipped to 99.2 points in May from 110.1 points—a near ten-year high—in April.
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