GDP preliminary estimate - 3. quarter of 2016

Quarter-on-quarter growth continued

15.11.2016
Code: 050055-16
 

According to the preliminary estimate, the gross domestic product increased in the Q3 2016 by 1.9%, year-on-year; compared to the Q2 2016 it was 0.3% up.


In the Q3 of 2016, the Czech economy continued to grow with a slower rate than in the previous quarters. According to the preliminary estimate, the gross domestic product (GDP) adjusted for price effects and seasonally adjusted[1] increased in the Q3 2016 by 1.9%, year-on-year; compared to the Q2 2016 it increased by 0.3%.

In the quarter-on-quarter comparison, the GDP growth in the Q3 2016 was moderate especially due to a slowdown of the growth in industry. The y-o-y GDP growth continued to be supported by growing consumption of households and higher external demand, while lower investment activity had a negative effect.

Employment[2] in the Q3 was by 1.7% higher than in the corresponding period of the previous year; it remained unchanged in the quarter-on-quarter comparison.

 

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: 9 November 2016
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 December 2016
(GDP resources and uses for the Q3 2016)


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

[2] Employment in terms of national accounts.

 

  •      apoh111516.docx
Archive:
Show all Hide

Published: 15.11.2016
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