GDP preliminary estimate - 2nd quarter of 2013
Q-o-q GDP growth by 0.7%
In the Q2 2013 the gross domestic product adjusted for price, seasonal, and calendar effects decreased by 1.2%, year-on-year; however, in the quarter-on-quarter comparison it was by 0.7% higher, according to the preliminary estimate.
In the Q2 2013 the gross domestic product (GDP) adjusted for price effects and seasonally adjusted */ decreased by 1.2%, y-o-y, while in the q-o-q comparison it grew by 0.7%, according to the preliminary estimate. Currently available statistical and administrative data sources thus indicate that the economy of the Czech Republic grew for the first time again compared to the previous quarter (after six continual quarter-on-quarter GDP decreases, which totalled 3.1%). In the total for the first half-year of 2013, the GDP decreased by 1.8%, y-o-y; the estimate for the Q1 2013 (-2.4%) has not been revised.
Partial y-o-y recovery of the total demand, compared to the Q1 2013, was mainly owing to the positive contribution of the external trade (the exports of goods in the current quarter grew by 1.4%, y-o-y, while imports only by 0.3%). On the contrary, the total investment activity represented by the gross fixed capital formation was further decreasing. The final consumption expenditure of households was also below the level of the last year as indicated by monthly statistical data on the development of sales in retail trade. General government expenditure remained almost unchanged, y-o-y.
The development of supply broken down by CZ-NACE activity remained to be influenced by weak domestic demand mainly for consumer and investment goods. Therefore, the value added formation continued to drop in the domestic trade, construction, and industrial branches oriented on investments. Also agriculture recorded drop due to unfavourable climatic conditions. On the other hand, positive results were reached by financial and insurance activities.
________________________________
*/ Unless otherwise stated, all data presented in this News Release are adjusted for price, seasonal, and calendar effects.
Contact person: Jan Heller, Director of the Quarterly National Acco unts Department, phone number: (+420) 274 052 865, e-mail: jan.heller@czso.cz
Used data sources updated as at: 12 August 2013
Related CZSO web page: /csu/czso/1-aktual-hdp
Next News Release will be published on: 3 September 2013 (national accounts for the Q2 2013)
- year 2024 | 1. quarter of 2024
- year 2023 | 4th quarter of 2023 | 3rd quarter of 2023 | 2nd quarter of 2023 | 1st quarter of 2023
- year 2022 | 4. quarter of 2022 | 3. quarter of 2022 | 2. quarter of 2022 | 1. quarter of 2022
- year 2021 | 4. quarter of 2021 | 3. quarter of 2021 | 2. quarter of 2021 | 1. quarter of 2021
- year 2020 | 4th quarter of 2020 | 3rd quarter of 2020 | 2nd quarter of 2020 | 1st quarter of 2020
- year 2019 | 4th quarter of 2019 | 3rd quarter of 2019 | 2nd quarter of 2019 | 1st quarter of 2019
- year 2018 | 4th Quarter of 2018 | 3rd Quarter of 2018 | 2nd Quarter of 2018 | 1st Quarter of 2018
- year 2017 | 4th quarter of 2017 | 3rd quarter of 2017 | 2nd quarter of 2017 | 1st quarter of 2017
- year 2016 | 4. quarter of 2016 | 3. quarter of 2016 | 2. quarter of 2016 | 1. quarter of 2016
- year 2015 | 4th quarter of 2015 | 3rd quarter of 2015 | 2nd quarter of 2015 | 1st quarter of 2015
- year 2014 | 4 quarter 2014 | 3 quarter 2014 | 2 quarter 2014 | 1 quarter 2014
- year 2013 | 4th quarter of 2013 | 3rd quarter of 2013 | 2nd quarter of 2013 | 1st quarter of 2013
- year 2012 | 4th quarter of 2012 | 3rd quarter of 2012 | 2nd quarter of 2012 | 1st quarter of 2012
- year 2011 | 4th quarter of 2011 | 3rd quarter of 2011 | 2nd quarter of 2011 | 1st quarter of 2011
- year 2010 | 4th quarter of 2010 | 3rd quarter of 2010 | 2nd quarter of 2010 | 1st quarter of 2010
Published: 14.08.2013
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