Czech Economy Rebounds 0.4%, More Than Estimated
The Czech Republic's economy expanded more than initially estimated in the final quarter of 2023, the latest data from the statistical office showed on Thursday.
Gross domestic product advanced 0.4 percent sequentially, reversing a revised 0.8 percent fall in the third quarter. In the initial estimate, the rate of increase was 0.2 percent.
On the expenditure side, household final consumption rose 0.5 percent, and government expenditure grew by 0.6 percent.
Gross fixed capital formation advanced by 2.0 percent. Exports climbed 2.1 percent, while imports slid by 2.4 percent.
On a yearly basis, GDP rose 0.2 percent in the December quarter versus a 0.6 percent contraction in the September quarter. In contrast, there was a 0.2 percent decline seen in the flash report published on January 30.
Economic News
Reprinted from RTTNews,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.