Economic policy / Macroeconomic Indicators, Economic Growth
This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.
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Spotlight issue
Inflation back on target despite GDP growth easing
The flash GDP estimate showed only mild growth in the first quarter. The second reading should reveal that domestic demand is behind the growth while external trade curbs its dynamics. April was a successful month for retailers, who after a weaker first quarter gained nice yoy sales growth. An additional two working days supported the dynamics of industrial production, while April´s warmer weather encouraged growth in the construction sector. May’s figures should confirm April’s inflation return. Thanks to higher fuel and food prices, headline inflation should return to the CNB target.
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EUR/CZK call revised higher as major stress hits markets
On the back of the recent market turmoil and the increase in political stress, we have revised our EUR/CZK call higher for the coming months. However, the medium-term forecasts remain virtually unchanged.
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ING Bank Czech Republic: Consumer confidence at new high in May
Despite latest market volatility and threats about trade-wars, Czech households remain optimistic given favourable labour market and increasing wages. Business confidence declined in May, driven mainly by weaker expectations in industry, ING Bank Czech Republic writes.
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