Daily economic news from the Czech Republic: overview of the past 24 hours

Overview of the latest economic events in the Czech Republic

The Czech stock market recorded slight fluctuations in the past 24 hours, reflecting developments on global markets and domestic economic developments. The main index of the Prague Stock Exchange PX fell slightly by 0.05 % today. CEZ gained 1.22 % and Komerční banka 0.12 %, the latter being among the best performers, supported by good economic results and positive investor sentiment. However, there was a slight decline later in the day, influenced by volatility in the external markets and concerns about the slowdown in the European economy.
The Prague Stock Exchange recorded increased trading activity especially in the energy and financial sectors. Key transactions included a significant deal by CEZ Group, which strengthened its renewable energy portfolio, while Komerční banka saw an increase in trading volume driven by optimistic quarterly forecasts. In addition, the Czech koruna strengthened slightly against the euro, boosted by positive export data from the automotive sector.

Trends in financial markets: implications for the Czech economy

In the last 24 hours, the Czech financial markets have experienced noticeable fluctuations influenced by global economic developments. The Czech koruna showed a slight appreciation against major currencies. Equity indices in Prague also experienced volatility, reflecting broader trends in European markets. These developments could potentially impact the Czech economy by increasing import costs and affecting export competitiveness.
Moreover, changes in interest rates could affect domestic consumption and investment, underlining the need for businesses and policymakers to remain vigilant in navigating these financial market dynamics.

Overview of the main macroeconomic indicators from the Czech Republic: December 2024

HDP Q3 1,3%
Latest GDP forecast by the Czech National Bank: (annual GDP change)
2024: 1.0 %
2025: 2.4 %
2026: 2.4 %
HDP: 342 990 000 000 USD
GDP per capita: 31 370 USD
GDP purchasing power parity: 619 000 000 000 USD

Inflation rate - consumer price index (annual) 2.8 %
Inflation rate - consumer price index (month-on-month) 0.1 %
Average annual inflation (2023): 10.7%
Consumer price index (annualised) 2.8 %
Consumer price index (m/m) 0.1 %
Industrial producer price index (annual) 1.7 %
Market services price index (annual) 3.7 %
Construction work price index (annual) 2.5 %
Agricultural producer price index (annual) 5.5 %
Money supply M3 (October 2024): 7 002 614 320 000 CZK
Money supply M3 (2002): CZK 1 339 928 850 000

Deficit/surplus of public finances Q2 2024: -3 513 000 000 CZK
Consolidated public debt Q2 2024: CZK 3 320 004 000 000

Population 2024/6: 10 879 069
Total number of economic operators 2023: 2 800 294
Number of economic entities with identified activity 2023: 1 668 516
Number of natural persons in business 2023: 1 968 473

(GH) - photo: bitfaktura.cz

Sources:
Czech Statistical Office, official website accessed 30.12.2024, https://csu.gov.cz/
Czech National Bank, official website, accessed 30.12.2024, https://www.cnb.cz/
Czech National Bank - Monetary Policy Report - Autumn 2024 page 19, accessed 28.12.2024
International Monetary Fund, official website, accessed 30.12.2024, https://www.imf.org/