Czech Republic - Real Change in Inventories

Czech Republic: Real Change in Inventories

Mnemonic CIVT$.ICZE
Unit Mil. Ch. 2010 CZK, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 102.75 %
Data 2019 Q2 -449
2019 Q1 16,303

Series Information

Source The Czech Statistical Office (CZSO)
Release National accounts
Frequency Quarterly
Start Date 3/31/1996
End Date 6/30/2019

Czech Republic: Business

Reference Last Previous Units Frequency
Capacity Utilization 2019 Q3 84.8 85.9 %, SA Quarterly
Business Confidence Aug 2019 12.5 11.5 Balance of Opinion, NSA Monthly
Industrial Production Jul 2019 105.28 112.58 Index 2015=100, NSA Monthly
Change in Inventories 2019 Q2 -2,935 21,261 Mil. CZK, CDASA Quarterly
Real Change in Inventories 2019 Q2 -449 16,303 Mil. Ch. 2010 CZK, CDASA Quarterly

Release Information

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 % it increased (or decreased) in real terms during surveyed quarter against the same quarter of the previous year.

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.

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.

Moody's Analytics seasonally adjusts the data and makes this available along with the data as published by the national source.