ČSÚ: Growth in GDP, wages and employment continues in Q3

21. 12. 2017

The economic growth in the Czech Republic accelerated also in the third quarter of 2017 and reached 5.0% y/y.

(CIANEWS, Dec 21) The economic growth in the Czech Republic accelerated also in the third quarter of 2017 and reached 5.0% y/y. The result was contributed to by a growth in the consumption of households, the continuing positive balance in the external trade and a growth in private investment expenses. The growth in wages and employment continued. The general unemployment rate reached 2.7% in September and fell 1.2 percentage point y/y. According to data published by the Czech Statistical Office (ČSÚ), the growth in consumer prices accelerated to 2.5% due to a growth in prices of food.