The indicator’s fall eased from a decline of 4.5% y/y in September but still marked the sixth straight month of PPI deflation.
Unemployment rate in the Czech Republic remained at 2.6% in November, based on data provided by the Czech Labour Office on December 9. The number of unemployed people has risen by 771 to 197,289 since October, the lowest November figure since 1996
Slovakia's GDP growth has slowed in the 3Q19 with GDP in fixed prices increasing by 1.3%, down by 3.3 percentage points (pp) year-on-year, the lowest growth reported since 4Q13, said the Slovak Statistics Office on December 5.
Czech retail sales growth slowed to 3.4% year-on-year in October from 7.3% in September.
Czech manufacturing sector continued to crash in November, with IHS Manufacturing Purchasing Managers Index down to 43.5 from 45.0 in October, driven mainly by decreasing production and new orders.
Czech annual economic growth slowed to 2.5% year-on-year in 3Q19, up by 0.4% quarter-on-quarter, driven by both the domestic and external demand, down from a y/y growth of 2.7% in 2Q19, according to the statistics office
Domestic demand drove the headline result in July-September, although the pace of its growth slowed, while investment growth weakened considerably.
The pick-up in economic expansion in the third quarter arrived on the back of investment growing 8.1% y/y.
The Hungarian forint extended losses on the interbank market, slipping to 337.2 versus the euro on November 26, with analysts blaming the central bank's extremely loose monetary policy.
The Czech Republic recorded the lowest unemployment rate in the European Union in 2018, for the third consecutive year, at 2.2%, followed by Germany with 3.4% rate, according to data published by the Czech Statistics Office
The reading sees PPI inflation drop below the zero line for the first time since February 2018.
The Czech economic growth is projected to slow to 2.1% in 2020 from 2.6% this year, driven mainly by falling household consumption and reduced government spending says the OECD
The year-on-year growth of Czech producer price index of inflation (PPI) slowed to 0.9% in October from 1.9% in September
The Czech economic growth has slowed to 2.5% year-on-year and 0.3% quarter-on-quarter in 3Q19, most likely driven by household consumption, according to preliminary estimates released by the Czech Statistics Office (CSO) on November 14.
Saxo Bank analyst John Hardy blames ECB policy for high inflation in Slovakia.
Slovakia's GDP increased by 1.3% year-on-year in the 3Q19, far below expectations, driven mainly by lower foreign demand. Growth increased by 1.8% y/y after seasonal adjustments, and by 0.4% quarter-on-quarter, according to preliminary data published