In the third quarter of last year, the Czech economy saw a year-on-year growth of 1.3%, with GDP increasing by 0.4%. Average monthly wages rose, but household savings and corporate profit margins showed a decline.
The average monthly income from employment in Q3 last year amounted to CZK 48,116. Compared to the previous quarter, it increased by 1.3% in real terms and 3.5% year-on-year. On the other hand, the household savings rate fell to 18.8%, which is 0.1 percentage points lower than in the second quarter and 0.7 percentage points lower year-on-year.
Household investment rates remained stable quarter-on-quarter at 11.1%, with a slight increase compared to the same period the previous year.
The profit margin of non-financial corporations in the second-to-last quarter of last year stood at 45.9%. This was 0.7 percentage points lower year-on-year and fell by 0.5 percentage points quarter-on-quarter. The corporate investment rate decreased by 0.2 percentage points to 26.6% compared to the previous quarter and dropped by 1.5 percentage points year-on-year.
Source: irozhlas.cz
Provided by the team of CzechTrade Qatar