Quarterly Sector Accounts - 1st quarter of 2019
Income of households increased in real terms by 3.1%
According to seasonally adjusted data, the total of monetary and non-monetary income of households increased in real terms by 3.1%, quarter-on-quarter (q-o-q). The real consumption per capita increased by 3.8%, q-o-q, and the saving rate dropped by 0.8 percentage point (p. p.). The investment rate of non-financial corporations decreased by 1.4 p. p. compared to the previous quarter.
Non-financial corporations: investment rate decreased, q-o-q
The profit rate in the Q1 2019 was 46.3%, which is by 0.2 percentage point less, quarter-on quarter, and by 0.9 p. p.1 less, year-on-year. The total labour costs of non-financial corporations increased by 7.7%1, y-o-y. The investment rate decreased more markedly by 1.4 p. p., q-o-q, and reached 27.7%. It decreased by 1.0 p. p.1, year-on-year.
Households: household income increased, q-o-q
The total of real monetary and non-monetary income of households per capita increased in the Q1 2019 by 3.1%, q-o-q, and by 2.8%1 in the year-on-year comparison. The household real consumption per capita grew even faster, q-o-q, namely by 3.8%, q-o-q, and by 2.3%1 in the year-on-year comparison.
The average monthly income from employment reached CZK 33 5811 in the Q1 and it increased in real terms by 0.8%, q-o-q; in the y-o-y comparison it was 2.4%1 up.
Resulting from the faster growth of household expenditure compared to their income was a lower saving rate compared to the previous quarter, i.e. 10.6%. The investment rate in the household sector increased by 0.2 p. p., quarter-on-quarter, and reached 8.8%.
GDP estimate refinement
Concurrently, the gross domestic product (GDP) estimate has been refined. The GDP increased by 0.6%, q-o-q, in the Q1 2019 and in the y-o-y comparison it was 2.8% up. For the time series of GDP resources and uses see: https://www.czso.cz/csu/czso/hdp_ts.
In accordance with the revision policy of the CZSO, annual national accounts have been refined; for more information see: https://apl.czso.cz/nufile/Comment_28_06_2019.pdf. Related to that, relevant quarterly outputs have been also harmonised.
1 Seasonally non-adjusted piece of data.
All terms are in terms of national accounts; for explanations of terms written in bold italics see: https://apl.czso.cz/nufile/Definitions.pdf.
Contact person: Vladimír Kermiet, Director of the National Accounts Department, phone number (+420) 274 054 247, e-mail: vladimir.kermiet@czso.cz
Used data sources updated as at: 24 June 2019
Related CZSO website: https://www.czso.cz/csu/czso/quarterly-national-accounts-gdp-resources-and-uses-and-gdp-preliminary-estimate
Next Release will be published on: 1 October 2019 (Quarterly Sector Accounts for the second quarter of 2019)
Data of quarterly sector accounts are seasonally adjusted unless otherwise stated.
The news releases of Eurostat on quarterly sector accounts are published later. The latest published information for the fourth quarter of 2018 is available at:
https://ec.europa.eu/eurostat/web/products-press-releases/-/2-04042019-AP,
https://ec.europa.eu/eurostat/web/products-press-releases/-/2-04042019-BP,
https://ec.europa.eu/eurostat/web/products-press-releases/-/2-29042019-AP .
Quarterly sector accounts data are published on the CZSO website in the tables of Transactions in Products and Distributive Transactions by Sector: http://apl.czso.cz/pll/rocenka/rocenkavyber.kvart_qsa?mylang=EN&oblast=@RU
and Quarterly Non-Financial Sector Accounts (Current and Capital Accounts):
http://apl.czso.cz/pll/rocenka/rocenkavyber.kvart_qsa_mat?mylang=EN&oblast=@RU
Attachments
- year 2023 | 4th quarter of 2023 | 3rd quarter of 2023 | 2nd quarter of 2023 | 1st quarter of 2023
- year 2022 | 4. quarter of 2022 | 3. quarter of 2022 | 2. quarter of 2022 | 1. quarter of 2022
- year 2021 | 4. quarter of 2021 | 3. quarter of 2021 | 2. quarter of 2021 | 1. quarter of 2021
- year 2020 | 4th quarter of 2020 | 3rd quarter of 2020 | 2nd quarter of 2020 | 1st quarter of 2020
- year 2019 | 4th quarter of 2019 | 3rd quarter of 2019 | 2nd quarter of 2019 | 1st quarter of 2019
- year 2018 | 4. quarter of 2018 | 3. quarter of 2018 | 2. quarter of 2018 | 1. quarter of 2018
- year 2017 | 4th quarter of 2017 | 3rd quarter of 2017 | 2nd quarter of 2017 | 1st quarter of 2017
- year 2016 | 4. quarter of 2016 | 3. quarter of 2016 | 2. quarter of 2016 | 1. quarter of 2016
- year 2015 | 4th quarter of 2015 | 3rd quarter of 2015 | 2nd quarter of 2015 | 1st quarter of 2015
- year 2014 | 4 quarter 2014 | 3 quarter 2014 | 2 quarter 2014 | 1 quarter 2014
Published: 28.06.2019
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