Czech economy grows faster than estimated in Q3

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The Czech Republic’s economy grew at a faster-than-estimated pace in the third quarter, latest figures from the Czech Statistical Office (CZSO) show.

Gross domestic product rose a seasonally adjusted 0.4% quarter-on-quarter. The flash estimate was 0.3%. On a year-on-year basis, GDP rose a seasonally adjusted 2.5% after a 2.7% increase in the previous three months. The preliminary estimate was confirmed.

In the third quarter, the economy growth was supported by both the domestic and external demand, the Prague-based statistics agency said on Friday. 

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