The third estimate of Czech Republic's Q4 2015 GDP growth was confirmed at 0.0% q/q and 4.0% y/y. The seasonally adjusted growth was unchanged from the second estimate.
While growth in gross capital formation growth was revised up to 6.6% y/y from 4.9% y/y previously, growth in government spending was revised down to 1.8% y/y from 3.9% y/y previously. Elsewhere, growth in household expenditure, exports and imports was left unchanged at 2.9% y/y, 7.2% y/y and 7.0% y/y, respectively.
“Overall, the underlying trend still looks encouraging with domestic consumption likely to remain robust in the next few quarters,” said 4castweb in a report.
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