Czech economy statistics show a slight growth within 2019

Published: 24.09.2019 Related countries:  New Zealand New Zealand, Australia Australia

Investing companies and spending households are keeping Czech economy stable.

According to the Czech Statistical Office (CSO), the Czech economic grow is caused mainly because of domestic demand. Household spending rose by 0.8 % quarter on quarter and by 3,1 % year-on-year. According to the CSO, the most significant was the consumption of items with long-term durability. The general government expenditures also grew by 2,3 % on a quarterly basis and by 5,3 % on an yearly basis. Especially due to the increased investment activity of the state, as well as the continuing investment of companies, the growth of investments was high in the third quarter of 2019. It was mainly supported by investments into buildings, machinery, including vehicles and intellectual property products.


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