MARKET OVERVIEW Czech Republic Q1 2019

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The Czech economy expanded at a 2.5% pace in the first quarter of 2019, according to the first CSU data release. Presently, this resilience in GDP growth is probably the most important macro factor for commercial real estate players to consider. Yet again, domestic consumption and retail sales, the latter averaging 4.8% year-on-year growth in the first three months of the year, were a driver. More surprisingly, fixed capital formation in industry also contributed to the GDP growth holding up. This data beliethe weakness in industrial production, which averaged only in a marginal 0.1% expansion in the quarter, according to the monthly data releases. Will these trends continue?


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MARKET OVERVIEW Czech Republic Q1 2019

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