CZECH ECONOMY. In 2016 and 1H2017. Section of Industry Economic Analyses Department. Czech Economy

Transcription

1 CZECH ECONOMY In 2016 and 1H2017

2 Gross Domestic Product (constant prices, seasonally adjusted, y-o-y change, in %) I/08 I/09 I/10 I/11 I/12 I/13 I/14 I/15 I/16 I/17 EA19 Germany USA Czech Republic Source: CZSO, Eurostat, BEA 2

3 Contributions of Industries to Variation in GDP or GVA (seasonally adjusted data, in %) I/13 I/14 I/15 I/16 I/17 Source: CZSO Agriculture, forestry and fishing Mining, energy Trade, transportation, food services Other services Manufacturing Construction Financial services Gross value added 3

4 Development of Main Price Aggregates (y-o-y index, in %) /13 1/14 1/15 1/16 1/17 CPI PPI Market services Import prices Export prices Source: CZSO 4

5 Average Gross Monthly Wage (left axis in CZK per FTE employee, right axis y-o-y growth, in %) I/13 I/14 I/15 I/16 I/17 Economy Manufacturing Nominal growth Real growth Source: CZSO 5

6 Unemployment (% of the active population, seasonally adjusted) I/13 I/14 I/15 I/16 I/17 CZ EA19 DE SK Source: Eurostat 6

7 Nominal Exchange Rate (CZK/EUR) III/ I/14 I/15 I/16 I/ Source: CNB 7

8 Interest Rates of Client Loans (in %) 10,0 9,0 8,0 7,0 6,0 5,0 4,0 3,0 2,0 1,0 0,0 Households - total position Households - total position Non-financial corp. - newly drawn Non-financial corp. - newly drawn Source: CNB 8

9 Gross Value Added (GVA) in the Economy, Industry and Manufacturing (y-o-y change in %, not seasonally adjusted) ,0 6,7 5,0 5,8 3,7 2,5 National economy Industry, total Manufacturing /2017 Source: CZSO 9

10 Manufacturing Industry and Automobile Industry (IPI, average month of 2010 = 100) 210,0 190,0 170,0 150,0 130,0 110,0 90,0 70,0 50,0 Manufacturing Automotive industry Source: CZSO 10

11 Industrial Production in Countries of Europe (IPI, y-o-y growth in %, not seasonally adjusted) /2017 DE 1,2 2,0 CZ 3,5 5,3 PL 2,8 5,8 SK 4,8 4,7 AT 2,2 3,1 FR 0,5 1,0 UK 1,1 0,7 Source: Eurostat 11

12 GVA Shares of Economic Sectors (in 1996 and 2016) Construction 8% Industry, total (without manufacturing) 8% Construction 6% Industry, total (without manufacturing) 5% Manufacturing 25% Manufacturing 27% Services 55% Agriculture 4% Services 60% Agriculture 2% Source: CZSO 12

13 Main Parts of the Manufacturing Development 2016, 1-6/2017 (y-o-y change in %) /2017 Food 0,9 2,5 Rubber and Plastics 3,9 8,8 Non-metallic mineral products -0,9 4,3 Fabricated metal products 5,0 4,5 Computer, electronic and optical products 4,1 12,7 Electrical equipment 2,5 7,6 Machinery and equipment 2,6 7,1 Motor vehicles 11,8 9,5 Source: CZSO 13

14 Limits of Production in Industry 100% 80% 60% 40% 20% 0% None Lack of employees Financial constraints Insufficient demand Lack of material and/or equipment Others Source: CZSO 14

15 External Trade in Goods and Services (based on national accounts) (left axis in %, seasonally adjusted, constant prices of 2010, right axis net exports in CZK bn, seasonally adjusted, prices of the previous year) 120,0 110,0 100,0 90,0 80,0 0, Net exports of goods Net exports of services Exports - growth Imports - growth 150,0 100,0 50,0 Source: CZSO 15

16 External Trade in Goods (national concept) (in CZK bn, current prices) Exports Imports Balance * Source: CZSO, * 1H

17 External Trade in Goods by Territorrial Structure (National Concept) (in CZK bn, current prices) 1-12/ / /2017 CZK bn. % CZK bn. CZK bn. index 17/16 Turnover ,1 EU ,4 - EA ,8 non EU ,9 Unspecif ,3 Exports ,6 EU ,8 - EA ,6 non EU ,9 Unspecif ,8 Imports ,6 EU ,9 - EA ,1 non EU ,1 Unspecif ,5 Balance EU EA non EU Unspecif Source: CZSO 17

18 Territorial Structure of External Trade Others 41% Export of goods DE 32% Others 45% Import of goods DE 27% CHN 10% UK 5% FR 5% PL 6% SK 10% FR 3% SK 6% PL 9% Source: CZSO 18

19 External Trade by Commodity Structure (CZK bn, current prices) SITC 1-12/ / / CZK bn. % CZK bn. CZK bn index 17/16 Export ,6 Machinery and transport equipment ,6 Manufactured goods by material ,9 Manufactured articles ,3 Chemicals and related products ,4 Food and live animals ,0 Crude materials ,1 Mineral fuels, lubricants ,0 Beverages and tobacco ,0 Animal and vegetable oils ,4 Commodities not classified ,0 Import ,6 Machinery and transport equipment ,7 Manufactured goods by material ,0 Manufactured goods by material ,1 Manufactured article ,9 Mineral fuels, lubricants ,0 Food and live animals ,0 Crude materials ,2 Beverages and tobacco ,3 Animal and vegetable oils ,7 Commodities not classified ,0 Source: CZSO 19

20 Exports of the Czech Republic with Selected Countries (cross-border statistics) Exports of the Czech Republic with Selected Countries ( , CZK thousand) Austria China Germany France United Kingdom Hungary Italy Netherlands Poland Slovakia 20

21 Imports of the Czech Republic with Selected Countries (cross-border statistics) Imports of the Czech Republic with Selected Countries ( , CZK thousand) Austria China Germany France United Kingdom Hungary Italy Netherlands Poland Slovakia 21

22 Commodity Structure of Exports of the Czech Republic (cross-border statistics) Exports Commodity Structure of the Czech Republic (CZK thousand) Food and live animals 1 Beverages and tobacco 2 Crude materials 3 Fuels and related products 4 Animal and vegetable oils, fats and waxes 5 Chemicals and related products 6 Manufactured goods by material 7 Machinery and transport equipment 8 Miscellaneous manufactured articles 9 Not specified 22

23 Commodity Structure of Imports of the Czech Republic (cross-border statistics) Commodity Structure of Imports of the Czech Republic (CZK thousand) Food and live animals 1 Beverages and tobacco 2 Crude materials 3 Fuels and related products 4 Animal and vegetable oils, fats and waxes 5 Chemicals and related products 6 Manufactured goods by material 7 Machinery and transport equipment 8 Miscellaneous manufactured articles 9 Not specified 23

24 Thank you for your attention 24