Czech GDP Grows 0.5% In Q1
The Czech Republic's economy expanded more-than-expected in the first quarter, flash estimates from the statistical office showed on Tuesday.
Gross domestic product advanced 0.5 percent sequentially, following a 0.4 percent rebound in the fourth quarter. Meanwhile, economists had expected a stable increase of 0.4 percent.
The quarterly development of GDP was positively influenced by increasing domestic demand, especially by higher final consumption expenditures of households and gross capital formation, the agency said.
On a yearly basis, GDP rose 0.4 percent in the March quarter versus a 0.2 percent rise in the previous quarter. The growth was attributed to final consumption expenditures and an increasing external trade balance.
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.