GDP preliminary estimate - 2. quarter of 2016

According to the preliminary estimate, the gross domestic product increased in the Q2 2016 by 2.5%, year-on-year; compared to the Q1 2016 it was 0.9% up.

In the Q2 of 2016, growth of the Czech economy still belonged to the highest in the European Union. According to the preliminary estimate, the gross domestic product (GDP) adjusted for price effects and seasonally adjusted¹ increased in the Q2 2016 by 2.5%, year-on-year; compared to the Q1 2016 it increased by 0.9%.

A key importance for a favourable development of the Czech economy belonged to most industries of manufacturing and services. On the expenditure side, mainly the following contributed to the GDP growth: external demand and steadily growing consumption of households.

Also in the Q2, the economic growth had a positive influence on the labour market: by the employment growth². The employment increased by 1.6%, year-on-year, and by 0.3%, quarter-on-quarter.

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¹ Unless otherwise stated, all data presented in this News Release are adjusted for price, seasonal, and calendar effects.