GDP up 2.8 % y/y in 1Q 2019

30. 6. 2019

In 1Q 2019 the economic performance of the Czech Republic grew 2.8 % y/y. In a q/q comparison, GDP growth reached 0.6 %.

(ČIA) In 1Q 2019 the economic performance of the Czech Republic grew 2.8 % y/y. In a q/q comparison, GDP growth reached 0.6 %. This is based on the revised forecast issued by the Czech Statistical Office. The profit rate of non-financial companies reached 46.3 % in 1Q 2019, down 0.2 pp on the preceding quarter and 0.9 pp less than a year earlier. Their salary costs increased 7.7 % y/y. The investment rate was down 1.4 pp on the preceding quarter to 27.7 %. It was down 1.0 pp y/y. The seasonally adjusted aggregate of financial and non-financial income of households grew a real 3.1 % q/q. Real consumption per capita increased by 3.8 % and the rate of savings fell by 0.8 pp.