Quarterly GDP preliminary estimate - 1st quarter of 2010

GDP up by 1.2% in the first quarter, year-on-year

12.05.2010
Code: r-5001-10
 




In Q1 2010, GDP adjusted for price, seasonal and working day effects increased by 1.2%, y-o-y, and compared to Q4 2009 by 0.2%. On the contrary, total employment decreased by 2.0%, y-o-y, and by 0.8%, quarter-on-quarter.


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In Q1 2010, according to the preliminary estimate, real GDP (adjusted for seasonal and working day effects) increased by 1.2% in comparison to Q1 2009. Compared to Q4 2009, GDP was by 0.2% higher. Both y-o-y and q-o-q development of gross value added was positively influenced especially by manufacturing; on the contrary, development of construction was negative.

While GDP was increasing in the last quarter, total employment in terms of national accounts was further decreasing. Y-o-y and q-o-q decrease of total employment by 2.0% and 0.8%, respectively, was namely due to manufacturing owed to its weight as well as the size of its fall. In most of the other industries, employment remains basically stabilized.

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Preliminary estimate has been compiled based on partial information from statistical surveys. Data from administrative sources, especially from materials of the Ministry of Finance of the CR, were this time available only in a very limited scope. The standard estimate of GDP formation and use will be published on 9 June 2010.



Contact: Jan Heller, phone (+420) 274 052 865, e-mail: jan.heller@czso.cz



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Published: 12.05.2010
The data are valid as of the release date of the publication.


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