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Czech Republic GDP growth slows sligthly in Q1

Figures

The Czech Republic economy was seen expanding by 0.7% quarter-on-quarter in the first three months of 2022, slowing slightly from a downwardly revised 0.8% advance in the previous period, preliminary estimate from the Prague-based Czech Statistical Office (CZSO) on Friday show.

On the expenditure side, support came mostly from gross capital formation and foreign trade.

On the production scope, gross value added rose mostly in construction, trade, transport, accommodation, and hospitality.

On an annual basis, GDP rose 4.6%, quickening from a 3.6% gain in the previous quarter, according to the statistics agency. 

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