Czech economic growth likely to have eased further below 3 pct in Q2 2018

Czech Republic’s second quarter growth flash estimate is set to be released tomorrow. According to KBC Market Research report, the flash estimate is expected to indicate that the Czech economy eased further below 3 percent year-on-year.

The Czech economy was mainly driven by solid household consumption as well as investment. Foreign trade contribution was slightly negative due to higher imports for consumption and investment in machinery and equipment.

“On the supply side, we still expect the strong influence of the manufacturing industry” added KBC Market Research.