| Indicator |
Period |
Year-On-Year
Increase/Decrease
(%) |
Release Date |
| Gross domestic product |
4th quarter of 2009 |
-3,1 |
11 March 2010 |
| Consumer price index |
February 2010 |
0,6 |
9 March 2010 |
| Inflation rate |
February 2010 |
0,8 |
9 March 2010 |
| Industrial output |
January 2010 |
5,3 |
9 March 2010 |
| Construction output |
January 2010 |
-25,6 |
9 March 2010 |
Receipts from sales of retail trade
(CZ-NACE 45, 47) |
January 2010 |
-5,0 |
16 March 2010 |
| Average gross wages and salaries:
Nominal
Real |
4th quarter of 2009 |
|
9 March 2010 |
| 5,2 |
| 4,8 |
Producer price indices:
Agriculture
Industry
Construction work
Market services
|
February 2010 |
-5,6
-2,0
0,3
-1,0 |
15 March 2010 |
| External trade:
Imports
Exports
|
January 2010 |
|
8 March 2010 |
| 3,5 |
| 9,1 |
| Export and import price indices
import
export |
January 2010 |
|
15 March 2010 |
| -3,9 |
| -5,5 |
| Unemployment rate * |
end of February 2010 |
9,9* |
8 March 2010 |
*) The share of the unemployed in total labour force (in terms of per cent), it is not increase/decrease
Gross domestic product (GDP) is the key indicator of the economic development. It represents the sum of values added by all branches of activities which are considered productive in the system of national accounts (including market and non-market services). Calculations are made at current prices and results are then converted into constant prices so that development excluding influences due to price changes can be kept track of.
Increase (or decrease) of GDP shows by how many % it increased (or decreased) in real terms during surveyed quarter against the same quarter of the previous year, after adjustment for seasonal and working day effects.
Commonly, inflation is considered as the growth of average price level, i.e. it characterizes the extent of money depreciation in exactly defined time period. Inflation rate is measured by the increment of consumer price index.
Presented inflation rate (more precisely average inflation rate) characterizes the percentage change of average price level of latest twelve months against the average price level of previous twelve months. These so called moving averages are calculated from consumer price indices with fixed base December 1999=100. The ratio of these two moving averages expresses development trend of average price level with removed seasonal influence.
The consumer price (cost of living) index measures the movement of the overall price level.
It is measured on consumer baskets based on a sample of goods and services paid for by population. Price representatives include such products and services which account for an important share in population's expenditure and cover the entire sphere of consumption. Currently, their total number is 775. They are gradually aggregated into 12 main parts of consumer basket by means of a weighed arithmetic average of individual price indices. Weights for the consumer baskets, which are used to calculate consumer price (cost-of-living) indices, are based on the structure of household expenditures as established by family budget statistics in 1999.
Industrial production index (IPI) is a key indicator of industrial short-term statistics used to measure the output of industrial economic activities and of entire industry, adjusted for price effects. In a large part the calculation is based on revenues from sales of own goods and services at constant prices; in certain economic activities (CZ-NACE divisions 05, 06, 19, 35) the production volumes of products-representatives are used. The index is primarily calculated as a monthly fixed base index (average month of 2005 = 100) at the level of two-digit CZ-NACE divisions. Weights derived from the structure of value added in the base year are used for higher-level aggregations (up to sections, main industrial groupings and industry in total). The fixed base indices provide the basis for year-on-year indices and cumulations over time, if any (quarterly, semi-annual, annual cumulations).
In compliance with regulations of Eurostat the industrial production index covers CZ-NACE sections B, C, D (except group 35.3).
Increase (or decrease) of industrial output shows by how many % the industrial output increased (or decreased) in surveyed month in comparison with the same month of the previous year.
Construction output includes construction work done by enterprises with prevailing construction activity. Included are enterprises with 20 or more employees the data of which are collected by reports, while construction work for enterprises up to 19 employees is estimated. The value of construction output is calculated in constant prices.
Increase (or decrease) of construction output indicates by how many % the construction output increased (or decreased) in surveyed month in comparison with the same month of the previous year.
Retail trade sales include all receipts from sales of goods, own products and services (excluding VAT) as surveyed on a fixed sample ("field") of enterprises. They include:
- Receipts from sale, maintenance and repair of motor vehicles and motorcycles;
- Receipts from retail trade including automotive fuel
- The value of receipts is calculated in constant prices (2005=100%).
Increase (or decrease) of receipts in retail trade indicates by how many % the value of receipts increased (or decreased) in surveyed month in comparision with the same month of the previous year.
The price index of agricultural producers is calculated every month from prices collected among approximately 650 selected producers in agriculture (private, cooperative and state-owned companies) and does not include VAT. Collected are prices (excluding those of output for own consumption) designed for and obtained in internal market. Since 1 January 2001, prices of agricultural producers are measured on 95 fundamental agricultural products (price representatives): 63 plant products (including fruits and vegetables) and 32 livestock products.
Average prices of the products are calculated as a simple arithmetic mean of prices of individual producers. Price indices of the individual products (representatives) are obtained through weighing the calculated average prices with particular, individually determined weight proportions of individual products in a given month. The weight proportions are determined for both products and their aggregates.
A constant weight pattern is used to calculate individual, group and aggregate price indices. This weight pattern was derived from the structure of receipts from sales of agricultural products in the months of 1999 which is the base price period.
Increase (or decrease) of agriculture producer prices indicates by how many % the average level of agricultural prices increased (or decreased) in surveyed month in comparison with the same month of the previous year.
The industrial producer price index are surveyed monthly on the basis of data provided by the selected organizations (about 1200) for the selected representatives (about 4700). The reported prices are those agreed upon between the supplier and the customer inland. They exclude VAT, excise tax, costs of transport to the customer and costs incidental to the transport, and are invoiced for the more important trade cases.
The industrial producer price index is calculated from the reported prices using constant weights. The index measures the average trend in prices of all industrial products produced and sold in the domestic, Czech market. All products produced within the commodity groups of the Sections C to E of NACE Revision 1 are regarded as industrial products.
During the year 2006 the revision of price indices had taken place and since January 2007 the revised industrial producer price indices calculated on the year 2005 domestic sales structure have been published for products classified in Divisions 10 to 41 of the Classification of Products by Activity - national version (CZ-CPA). At the same time, the index reference period was changed to 2005 average (formerly 2000 average). The previous indices are still valid.
Increase (or decrease) of industrial producer prices indicates by how many % the average level of industrial prices increased (or decreased) in the surveyed month in comparison with the same month of the previous year.
Prices of construction work and types of constructions are measured using the system of statistical reporting of the “shuttle“ type. Under this system the questionnaire forms remain unchanged for 2 years and travel from reporting unit to state statistical service and back. There are 144 chosen price representatives (selected types of construction work) in the questionnaire for which a given reporting unit gives details of implementation conditions according to its needs. The prices are measured quarterly. They are prices negotiated between the supplier and the customer per unit of construction work, including material, in domestic construction. Prices of construction work and of types of constructions were classified pursuant to Division 45 of the Standard Classification of Production (CZ-CPA) and the Classification of Constructions (CZ‑CC), respectively. The former are measured, as a rule, for the second months of a given quarter and exclude VAT.
The weights were derived from the construction output of the year 1999. The 4th quarter of 1999 (represented by the month of November) is taken for the price base. Since the year 2004, indices of construction output costs and construction output material inputs have been measured. For the previous period, back to 2001, they were established retrospectively. The reporting network was established by purposive sampling of respondents from all size categories (up to and above 20 employees) and various legal forms.
The value given in the table stems from a monthly estimate of construction work price development. The monthly estimates are updated later, on the 45th day of the end of a quarter, according to results of a direct quarterly survey of prices. The estimates of the construction work price development are related to December 1999.
Increase/decrease in construction work prices shows the extent, in terms of %, to which the average estimated level of these prices increased/decreased in a given month in relation to the average price level of the corresponding month of the previous year, already updated by quarterly survey.
The aggregate price index of market services includes the following price indices in the business sphere (i.e. between businesses): price indices of internal goods transport, postal and communications services, financial intermediation, and the other business services and sewerage.
Price surveys of these market services, which are aggregated into the aggregate price index, include selected services of the CZ-CPA and CZ-NACE (national version of NACE) in the following Divisions: 60, 61, 62, 64, 65, 66, 70, 71, 72, 74, and 90.
The constant weight of aggregate index is the sum total of the weights for individual services in 1999.
Increase (or decrease) of prices of market services indicates by how many % the average level of these prices increased (or decreased) in surveyed month in comparison with the same month of the previous year.
Exports:
Export gives the value of goods that were dispatched abroad and crossed the state border for the purpose of being left abroad, permanently or temporarily. Total export consists of dispatch to EU Member States and export to third countries.
An increase (decrease) of exports indicates the percentage by which value of exports at current prices grew (fell) in given period compared to the corresponding period of the previous year.
Imports:
Import give the value of goods that were received from abroad and crossed the state border for the purpose of being left in the Czech Republic, permanently or temporarily. Total import consists of receipt from EU Member States and import from third countries.
An increase (decrease) of imports indicates the percentage by which value of imports at current prices grew (fell) in given period compared to the corresponding period of the previous year.
This is so called registered unemployment rate. The source of data on the numbers of job applicants out of work, who are registered by the labour offices, is the Ministry of Labour and Social Affairs.
Unemployment rate is derived as the ratio of the number of job applicants out of work to the number of employment as obtained by the LFSS (annual moving average) plus the number of job applicants registered by the labour offices and out of work (annual moving average). Unlike previously, women on additional child-care leave are excluded from the number of employment.