The development of GDP for the whole year was negatively affected by expenditure on household final consumption and the change in stock levels. On the contrary, the final consumption of government institutions, expenditure on the formation of gross fixed capital and foreign demand had a positive effect. The development of GDP in the last quarter … Read more
In April, the year-on-year decline in sales of food and non-food goods, which began last May, continued. On the contrary, the sale of fuel in April, as in the previous month, recorded a year-on-year increase in sales. Customers spent almost seven percent more on them year-on-year. “All assortment groups of stores, as well as online … Read more
Year-on-year gross domestic product (GDP) increased by 0.3 percent, for the whole of last year it increased by 2.5 percent. These numbers are a tenth of a percentage point better than CZSO stated at the beginning of March. According to statistics, real incomes and expenses of Czech households fell in the fourth quarter and for … Read more
After a historic drop at the end of last year, retail sales improved in January. They almost made up for the shortfall that occurred during the covid and energy crisis. Compared to January 2019, according to Eurostat, they were only 1.4 percent lower. In addition, the sales trend in some types of stores shows that … Read more
“In the whole of 2022, inflation reached 15.1 percent and nominal wage growth was 6.5 percent. So, in real terms, wages have decreased by 7.5 percent,” commented Jitka Erhartová, head of the CZSO’s labor statistics department. The median, i.e. the middle value of wages, was CZK 37,463 in the last quarter of last year, which … Read more
Czechs are reeling from the shock caused by the wave of inflation and the unprecedented drop in real incomes associated with it. Consumer confidence increased by 4.8 points to 87.7 points compared to January. The last time it was higher was just a year ago, i.e. last February. “Like in January, most of the monitored … Read more
“Growth was significantly influenced by the end of the energy-saving tariff for households in the form of an energy allowance. Year-on-year electricity prices increased by 36.4 percent, natural gas by 87 percent, water by 16.3 percent, sewage by 30.3 percent, and heat and hot water by 44.7 percent,” said Pavla Šedivá, head of the Department … Read more
Statisticians have already argued that year-on-year GDP growth over the period monitored was supported by external demand and gross fixed capital creation. Household consumption spending has had a negative impact on the economy. “The continued decline in real household incomes and, in particular, the uncertainty of further developments led to a more significant decline in … Read more
Construction, or the construction of buildings, was particularly successful in October, up 1.2 percent year-on-year. Construction engineering output, which includes the construction of roads or telecommunications and energy networks, increased by 0.4 percent. “Construction production increased year-over-year and month-over-month in October, and construction was the driver of growth. “Engineering construction slightly exceeded its October level … Read more
“Despite a 6% increase in the nominal wage per recalculated number of employees, taking into account the effect of inflation, the real wage decreased for the fourth consecutive time in the third quarter of 2022, this time by 9.8%. Yes this is the same decline as last quarter,” said Jitka Erhartová, head of the CZSO’s … Read more