July 7,2022
In Czechia, according to seasonally adjusted data, the total of monetary and non-monetary income of households decreased in real terms by 5.6% compared to the previous quarter. The real consumption per capita decreased by 0.4%, quarter-on-quarter (q-o-q). The saving rate decreased by 4.0 percentage point (p. p.). The investment rate of non-financial corporations increased by 1.4 p. p. compared to the previous quarter.
Non-financial corporations: both profit rate and investment rate increased
The profit rate in the Q1 2022 was 44.8%, which is by 0.4 percentage point (p. p.) more, quarter-on-quarter; however, it is by 4.1 p. p. less, year-on-year. The total labour costs of non-financial corporations increased by 12.0%, y-o-y. The investment rate increased by 1.4 p. p., q-o-q, and reached 29.4%. It increased by 1.7 p. p., year-on-year.
Households: the saving rate decreased in real terms
“The total of real monetary and non-monetary income of households per capita decreased in the Q1 2022 by 5.6%, q-o-q, and by 4.4% in the year-on-year comparison, mainly due to the high price growth,” noted Vladimír Kermiet, the director of the National Accounts Department.
Household real consumption per capita decreased by 0.4%, q-o-q. It increased by 3.0% in the year-on-year comparison.
The average monthly income from employment reached CZK 38 610 in the Q1 2022. It decreased in real terms by 8.3%, q-o-q; in the y-o-y comparison, it decreased by 4.4%.
Resulting from a higher quarter-on-quarter decrease of the total income of households compared to their expenditure was a lower saving rate, namely 16.1%. In the q-o-q comparison, the household saving rate was by 4.0 p. p. lower; in the y-o-y comparison, it decreased by 8.0 p. p..
The investment rate in the household sector increased by 0.5 p. p., q-o-q, and reached 10.0%. In the year-on-year comparison, the investment rate of households increased by 1.4 p. p.
Source: Czech Statistical Office
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