Czech cbank says household demand lower than fcast

07.12.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech economic growth in the third quarter came in a tad below the central bank's forecast due to weaker than expected household consumption...

...and investments, the central bank (CNB) said on Friday.

Gross domestic product (GDP) advanced 6.0 percent year-on-year, data showed earlier on Friday, versus the central bank's forecast of 5.9-6.3 percent growth envisaged by its projection unveiled in October.

Tomas Holub, head of the CNB's monetary and statistics department, said in a statement that third-quarter government consumption fell against the CNB's forecast of a mild rise, and net exports improved while the CNB had expected stagnation. (Reporting by Marek Petrus)

Keywords: CZECH ECONOMY/CENTRALBANK

[PRAGUE/Reuters/Finance.cz]

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