Czech Republic
Czech government crisis almost over
Social Democrats' new nominee to head the culture ministry, former foreign minister Lubomir Zaoralek, has the support of President Zeman.
Czech GDP growth of 2.7% y/y in 2Q19 positively surprised
Household consumption and external demand drove the economy in 2Q19.
CEE economies are weakening but domestic demand offsets Eurozone slowdown
GDP growth figures from the second quarter of this year were down on the first quarter but showed that growth was still being supported in Central and Eastern Europe by domestic demand that has gone some way to offsetting an EU slowdown.
Czech inflation rate back up to nearly 3% in July
The Czech inflation was up by 0.2 percentage points (pp) month-on-month in July to a 2.9% taking it back to its May level after a slowdown in June, data from the Czech Statistics Office (CSO) published on August 12 showed.
ING: Czech Republic: Surprising fall in industry
Industrial output fell by 6.4% y/y in June after over 3% growth in previous months. Though subject to calendar effects and other one-off factors, the weaker result also underlines that Czech industry is not immune to the German industrial slowdown.