Economic growth totalled 2.7% in Q2 2019

30. 8. 2019

(ČIA) Czech Republic's GDP grew by 2.7% y/y and 0.7% q/q in Q2 2019. This stems from a more accurate estimate of the Czech Statistical Office. Economic growth was supported mainly by domestic demand. Gross value added (GVA) grew by 0.7% q/q. Year-on-year, GVA increased by 2.8%. The spending on final consumption increased by 0.8% q/q and 2.9% y/y. Gross fixed capital formation fell by 0.6% quarter on quarter. It grew by 0.9% year-on-year. External trade balance increased by CZK 13.9bn y/y. The number of persons employed in the period under review totalled 5.47 million (+ 0.8% year on year).