Czech Economy Expands Unrevised 0.1% in Q2

Figures

The Czech Republic's economy grew slightly as initially estimated in the second quarter after remaining flat in the previous quarter, the latest data from the Czech Statistical Office (CZSO) showed on Tuesday.

Gross domestic product (GDP) advanced 0.1% in the June quarter, following a flat change in the March quarter. That was in line with the flash data published on July 31.

Among expenditure components, household consumption grew 0.2% over the quarter, and government final expenditure rose by 0.3%. Meanwhile, gross fixed capital formation declined 1.9% compared to last quarter, and both exports and imports fell by 0.5% and 1.2%, respectively.

On a yearly basis, the economy contracted at a stable rate of 0.4% in the second quarter, revised from a 0.6% decrease reported initially. 

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