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Indicator Analysis: Surprisingly strong GDP growth in 3Q confirmed, but domestic demand slowed

28/11/2025 17:48

The Czech economy grew by 0.8% qoq in 3Q25. This represents a slight upward revision from the already strong growth of 0.7% qoq in the advance GDP estimate. Compared to initial expectations, the 3Q results thus remain a significant positive surprise. Prior to the publication of the advance GDP estimate, market consensus was for growth of 0.3% qoq, whereas we expected economic stagnation. Similarly, the CNB forecast only a slight increase of 0.2% qoq. In yoy terms, the economy accelerated from 2.6% growth in 2Q to 2.8% in 3Q.

Autor: Martin Gürtler
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