República Tcheca - PIB Taxa de Crescimento Anual

The Czech economy expanded 2.5 percent on year in the first quarter of 2019, easing from a downwardly revised 2.6 percent growth in the previous period and above market forecasts of 2.4 percent, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP advanced 0.5 percent, slowing from a downwardly revised 0.8 percent expansion in the prior quarter. Growth was mainly driven by foreign demand and household consumption.

The Czech annual economic growth was revised slightly lower to 2.8 percent in the fourth quarter of 2018, compared to a preliminary estimate of 2.9 percent and above the 2.5 percent expansion recorded in the previous three-month period. Growth was driven by household consumption (2.2 percent), fixed investment (4 percent) and government spending (4.7 percent), while net external demand contributed negatively to the GDP as imports jumped 5.7 percent and exports rose at a softer 5 percent. On a seasonally adjusted quarterly basis, the economy grew 0.9 percent, the most over the last six quarters but slightly below a flash estimate of 1 percent driven mainly by external demand. Considering 2018 full year, the economy grew 3 percent, mainly boosted by fixed investment and household consumption.

The Czech economy expanded 2.4 percent on year in the fourth quarter of 2018, following a 2.4 percent growth in the previous three-month period and beating market expectations of 2.4 percent, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP rose 1 percent, faster than an expected 0.7 percent advance and the largest increase in the last six quarters. The rise was driven mainly be external demand. Considering 2018 full year, the economy grew 3 percent, mainly boosted by fixed investment and household consumption.