Czech Republic: Economy expands at softer pace in Q4
The economy expanded 0.4% in seasonally adjusted year-on-year terms in Q4, following Q3’s 1.5% increase. Sustained inflation, downbeat consumer sentiment and tighter financing conditions hit spending in the quarter. Meanwhile, output decreased 0.3% on a seasonally adjusted quarter-on-quarter basis in Q4, following the 0.2% contraction recorded in Q3.
External demand and capital formation positively contributed to year-on-year growth in Q4, while consumer spending shrank. A detailed breakdown is scheduled to be released on 3 March.