The decline was mainly driven by lower household finalconsumption expenditure and a decline in inventories. On the otherhand, external demand had a positive effect. This is according toa refined estimate by the Czech Statistical Office. Gross valueadded (GVA) rose by 1.1%. Industry +0.4 pp (1.6% growth) and realestate activities +0.4 pp (+4.5%) contributed the most to the growth.The construction sector had a negative impact of -0.2 pp (-3.8%).The foreign trade balance reached CZK 93.7bn at current prices andwas CZK 92.7bn higher.

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