By Emir Yildirim
ISTANBUL (AA) – Czechia’s seasonally adjusted gross domestic product (GDP) rose 0.3% in the second quarter for the third consecutive time, up from a 0.2% growth in the previous quarter, but below the market expectations of 0.4%, according to a preliminary estimate by the Czech Statistical Office on Tuesday.
The quarterly increase in the GDP was due to increasing domestic demand, data showed.
The Czech economy grew 0.4% in the second quarter compared to last year’s same quarter.
The year-on-year growth was mainly due to increased final consumption expenditure of households and the government, while external demand showed a positive influence, said Vladimir Kermiet, the director of the National Accounts Department of the Czech Statistical Office (CZSO).
At the same time, employment rose 0.5% on a quarterly basis, and 0.2% on an annual basis.