GDP preliminary estimate - 2nd quarter of 2015

Czech economy prospers

14.08.2015
Code: 050055-15
 

According to the preliminary estimate, the gross domestic product increased in the Q2 2015 by 4.4%, year-on-year; compared to the Q1 2015 it was 0.9% up.

In the second quarter of 2015, the Czech economy retained its growth and thus confirmed its enhancing performance. According to the preliminary estimate, the gross domestic product (GDP) adjusted for price effects and seasonally adjusted*) increased in the Q2 2015 by 4.4%, year-on-year; compared to the Q1 2015 it increased by 0.9%.

The growth dynamics is more balanced through all economic activities, in comparison with Q1 2015. On the expenditure side, the growth is contributed to by consumption of households as well as higher investment activity.

The development on the labour market is also positive. Employment in terms of national accounts increased by 1.4%, y-o-y, and by 0.2% in the q-o-q comparison.

*) Unless otherwise stated, all data presented in this News Release are adjusted for price, seasonal, and calendar effects.

 

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, phone number: (+420) 274 052 750, e-mail: tereza.kostakova@czso.cz
Used data sources updated as at: 11 August 2015
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: 28 August 2015
(GDP resources and uses for the Q2 2015)

 

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Published: 14.08.2015
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