Czech inflation slowed to 2.0% year-on-year in November from 2.2% in October. The latest figure was recorded as the lowest level since April, the Czech Statistical Office (CSU) reported on December 10.
The Slovak economy expanded at its fastest rate since the end of 2015 in the third quarter of this year, up by 1.6 percentage points to 4.6%, driven up mostly by non-domestic demand, Slovak Statistics Office shows
Czech non-adjusted retail trade increased by 6.4% in October year-on-year, up from 1.4% in September, driven mainly by sales via mail and online Christmas orders, according to the Czech Statistics Office data
Slovakia´s unemployment rate declined by 1.6 percentage point (pp) to 6.4% in 3Q18 year-on-year (for men it decreased by 1.8pp to 6% and for women by 1.4pp to 6.8% y/y), according to data published by the Slovak Statistics Office on December 7.
The Czech seasonally adjusted unemployment rate fell to its lowest level in a quarter of a century of 2.1% in October, down by 0.5 percentage points (pp) year-on-year, according to the Czech Statistics Office data published on November 30.
Output fell for the second time in a row and the third time overall this year, slightly increasing worries of a slowdown in the industrial sector that could impede economic growth in the fourth quarter.
The Czech IHS Manufacturing Purchasing Managers Index (PMI) dropped to 51.8 in November from 52.5 in October, the fifth successive monthly fall in 2018 and the weakest growth since August 2016, figures released by IHS Markit on December 3 show.
The 1.7% y/y expansion rate marks a slowdown of 0.6pp compared to the sector’s performance in September. Still, output has now grown for 28 months straight in Estonian industry.
Czechia is a leader amongst fast rising labour costs in Central and Eastern Europe (CEE), with average wages up 9.3% y/y in the 2Q18, the sixth highest in the EU
The headline figure constitutes a solid rebound against the unadjusted growth of just 2.8% y/y in September, which confused analysts, especially in the context of a surge in the GDP growth in the third quarter.
Slovakia growth up by 4.6% in 3Q18, fastest growth since 2015
Slovak inflation remains at 2.5% year-on-year in October. Core and net inflation reached the value 2.7%, the Slovak Statistics Office reports
Czech economic growth came off the boil in October as the pan-regional boom in Central and Eastern Europe (CEE) starts to lose momentum. GDP increased by 0.4% quarter-on-quarter in the 3Q18, and by 2.3% y/y in October
Inflation remains subdued with Poland’s Monetary Policy Council unlikely to consider any policy change in the immediate future, even though some slightly hawkish undertones were present at the council’s last meeting.
The result is a surprise to the upside, as consensus predicted a slowdown in the second half of the year after dynamic expansion in the first six months.
Czech consumer price inflation further slowed down to 2.2% year-on-year in October from 2.3% in September, the Czech Statistical Office (CSU) reported on November 9.