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ČSÚ: Czech GDP grows 2.4% y/y in Q3 2014

Czech Republic’s gross domestic product, adjusted for pricing and seasonal factors, grew 2.4% y/y in Q3 2014. In the quarter-on-quarter comparison, GDP grew 0.4%. The total data on end consumption remained unchanged in the quarter-on-quarter comparison, while household spending grew 0.4% and government spending dropped 0.7%. Gross capital formation increased by 1.8%. Export dropped 1.1%. The updated GDP estimation data were provided by the Czech Statistical Office (ČSÚ).