Czech GDP Drops Further

BusinessEconomy ♦ Published: November 15, 2012; 19:23 ♦ (Vindobona)

In the Q3 2012 the gross domestic product adjusted for price, seasonal, and calendar effects decreased by 1.5%, year-on-year, and by 0.3%, quarter-on-quarter, according to the preliminary estimate.

Czech GDP Drops Further / Picture: © Vindobona.org

In the Q3 2012 the gross domestic product (GDP) adjusted for price effects and seasonally adjusted*/ decreased by 1.5%, y-o-y, and by 0.3%, q-o-q according to the preliminary estimate based on partial statistical and administrative data sources.

The reason for the deepening decline in the GDP in the Q3…