Value of financial assets grows 3% in Q1

Published: 26.08.2019 Related countries:  Czech Republic Czech Republic

The total value of the financial assets in the Czech economy rose by 3.0% in Q1.

 

The total value of the financial assets in the Czech economy rose by 3.0% in Q1, signalling a substantial pick-up in growth. The year-on-year growth was also well above the previous quarter’s level (5.3%). Overall, the financial growth was due mainly to transactions, which amounted to CZK 732.9bn. Non-transaction changes in the form of revaluations and other changes in the volume of assets fostered an increase in the value of financial assets of a further CZK 363.8 billion. All economic sectors except non-financial corporations contributed to various extents to the growth in financial assets. The information was provided by the Czech National Bank (ČNB).

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