The Czech economy last year in the third quarter according to the specified data The Czech Statistical Office rose by 3.3 percent year on year.
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Compared with the previous quarter, gross domestic product (GDP) rose by 1.6 percent. The previous estimate from the end of November stated a year-on-year increase in GDP of 3.1 percent and a quarter-on-quarter increase of 1.5 percent.
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Statistics also reported that, according to seasonally adjusted data, total monetary and non-monetary income of households fell by 0.2 percent in real terms in the third quarter last year compared with the previous quarter. Real household consumption per capita increased by 3.4 percent quarter on quarter and the savings rate fell by 5.2 percentage points.
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“Household consumption per capita has been growing for the third consecutive quarter,” said Vladimír Kermiet, director of the CZSO’s national accounts department.
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