Czech Republic GDP expands further in Q3

Figures

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The Czech Republic's gross domestic product (GDP) advanced 1.5% on quarter in the three months ending September of 2021, following a 1% increase in the previous period, data from the Prague-based Central Statistics Office (CZSO) showed on Tuesday.

The positive GDP development was supported solely by the domestic demand, with increases in both household consumption (4.3%) and government spending (2.6%).

Meanwhile, fixed investment declined by 3.1%. Also, external demand had a negative influence, as exports and imports fell 5.9% and 3.3%, respectively. On a yearly basis, the economy expanded by 3.1%. 

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