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Financial News: Czech Economy Grows Faster Than Estimated In Q3

Czech Economy Grows Faster Than Estimated In Q3

11/29/2019 - 08:56:00 (RTTNews)

(RTTNews) - The Czech Republic's economy grew at a faster-than-estimated pace in the third quarter, latest figures from the Czech Statistical Office showed on Friday.

Gross domestic product rose a seasonally adjusted 0.4 percent quarter-on-quarter. The flash estimate was 0.3 percent.

On a year-on-year basis, GDP rose a seasonally adjusted 2.5 percent after a 2.7 percent increase in the previous three months. The preliminary estimate was confirmed.

In the third quarter, the Czech economy growth was supported by both the domestic and external demand.

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