Czech Republic - Change in Inventories





Czech Republic: Change in Inventories

Mnemonic CIVT.ICZE
Unit Mil. CZK, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 9638.83 %
Data 2019 Q4 18,309
2019 Q3 188

Series Information

Source The Czech Statistical Office (CZSO)
Release National accounts
Frequency Quarterly
Start Date 3/31/1995
End Date 12/31/2019

Czech Republic: Business

Reference Last Previous Units Frequency
Capacity Utilization 2020 Q2 71 84.2 %, SA Quarterly
Business Confidence Apr 2020 -16.2 5.8 Balance of Opinion, NSA Monthly
Industrial Production Mar 2020 110.17 108.76 Index 2015=100, NSA Monthly
Change in Inventories 2019 Q4 18,309 188 Mil. CZK, CDASA Quarterly
Real Change in Inventories 2019 Q4 15,974 1,257 Mil. Ch. 2010 CZK, CDASA Quarterly

Release Information

For the Czech Republic, the quarterly national accounts including the detailed expenditure approach (use of GDP) and production approach (gross value added).

Gross domestic product (GDP) is the key indicator of the economic development. It represents the sum of values added by all branches of activities which are considered productive in the system of national accounts (including market and non-market services). Calculations are made at current prices and results are then converted into constant prices so that development excluding influences due to price changes can be kept track of.

Increase (or decrease) of GDP in constant prices shows by how many percent it increased (or decreased) in real terms during surveyed quarter against the same quarter of the previous year.

Active:

  • National accounts framework: ESA 2010
  • Industry classification: CZ-NACE
  • Measurements:
    • Millions of Czech koruna at chained year-2015 prices (Mil. Ch. 2015 CZK)
    • At current prices (Mil. CZK)
    • Moving-base index relative to corresponding period of previous year, based on chained year-2015 prices (Ch. 2015 CZK Vol. Index CPPY=100)
  • Adjustments:
    • Calendar day adjusted and seasonally adjusted (CDASA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: As early as 1995Q1

Predecessors:

  • ESA 2010, 2010 prices - 1996 to 2020
  • ESA 95, 2005 prices - 1995 to 2014
  • 2000 prices - 1995 to 2011
  • 1995 prices - 1994 to 2003

GDP is compiled independently using two computational methods – the production approach and the expenditure approach. The income approach is not involved in the balancing process because gross operating surplus (including mixed income) is derived as a residual item. Differences between results of both approaches are removed in the balancing process.

Moody's Analytics supplements

Moody's Analytics seasonally adjusts the data.

Within every regular quarterly estimate, revisions of results for previous preiods are made. Quarters of the current year may be corrected on the basis of more complete and updated quarterly data sources. Moreover, revisions due to compilation of annual national accounts are made twice a year. Within every estimate for 1st quarter (published in June), quarters of the year T-3 are corrected due to definitive version of annual accouts and quarters of the year T-2 are corrected due to semi-definitive version of annual accounts. Within every estimate for 3rd quarter (published in December), quarters of the year T-1 are corrected due to preliminary version of annual accounts. No revisions are released within preliminary quarterly estimates.