GDP preliminary estimate - 1st quarter of 2017

Czech economy growth continued

16.05.2017
Code: 050055-17
 

According to the preliminary estimate, the gross domestic product (GDP) was 1.3% up in the Q1 2017, quarter-on-quarter (q-o-q), and 2.9% up, year-on-year (y-o-y).


Czech economy growth continued in the beginning of 2017. According to the preliminary estimate, the gross domestic product (GDP) adjusted for price effects and seasonally adjusted[1] increased in the Q1 2017 by 1.3%, q-o-q, and compared to the Q1 2016 it was by 2.9% up.

The development was contributed to especially by external demand supported by growing consumption of households. According to the preliminary estimate, performance of most of industries of the Czech economy was growing, i.e. not only that of manufacturing, but also performance of majority of economic activities (industries) of services.

In the Q1 2017, employment[2] was by 0.6% higher, q-o-q, and compared to the corresponding quarter of the previous year it increased by 1.5%.

 

Responsible head at the CZSO: Vladimír Kermiet, Director of the National Accounts Department, phone number: (+420) 274 054 247, e-mail: vladimir.kermiet@czso.cz
Contact person: Tereza Košťáková, Head of the Quarterly Estimates Unit, phone number: (+420) 274 052 750, e‑mail: tereza.kostakova@czso.cz
Used data sources updated as at: 10 May 2017
Related CZSO web page: https://www.czso.cz/csu/czso/quarterly-national-accounts-gdp-resources-and-uses-and-gdp-preliminary-estimate
Next News Release will be published on: 2 June 2017
(GDP resources and uses for the Q1 2017)


[1] All data presented in this News Release are adjusted for price, seasonal, and calendar effects.

[2] Employment in terms of national accounts.

 

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Published: 16.05.2017
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz