Quarterly Sector Accounts - 3. quarter of 2021

According to seasonally adjusted data, the total of monetary and non-monetary income of households compared to the previous quarter decreased in real terms by 0.2%. The real consumption per capita increased by 3.4%, quarter-on-quarter (q-o-q). The saving rate decreased by 5.2 percentage point (p. p.).

Non-financial corporations: both the profit rate and the investment rate decreased

Theprofit ratein the Q3 2021 was 45.1%, which is by 1.0 percentage point (p. p.) less, quarter-on-quarter, and by 1.2 p. p.¹ less, year-on-year. The total labour costs of non-financial corporations increased by 10.1%¹, y-o-y, which is to a considerable extent influenced by a low comparison basis (the third quarter of 2020).

Theinvestment ratedecreased by 0.7 p. p., q-o-q, and reached 25.7%. It decreased by 2.0 p. p.¹, year-on-year.

Households: the saving rate significantly decreased

Thetotal of real monetary and non-monetary income of households per capita decreased in the Q3 2021 by 0.2%, q-o-q, and in the year-on-year comparison it increased by 2.5%¹.Household real consumption per capita increased by 3.4%, q-o-q. It increased by 5.4%¹ in the year-on-year comparison.

Theaverage monthly income from employment reached CZK 38 637¹ in the Q3 2021 and it increased in real terms by 0.7%, q-o-q; in the y-o-y comparison, it increased by 1.8%¹.

Thesaving rate reached 15.9%. In the quarter-on-quarter comparison, the household saving rate was thus by 5.2 p. p. lower; inthe y-o-y comparison, it decreased by 2.8 p. p.¹. The investment rate in the household sector increased by 0.3 p. p., quarter-on-quarter, and reached 9.8%.

GDP estimate refinement

Concurrently, the gross domestic product (GDP) estimate has been refined. The GDP increased by 1.6% in the q-o-q comparison and by 3.3%, y-o-y, in the Q3 2021. For the time series of GDP resources and uses see:https://www.czso.cz/csu/czso/hdp_ts.

Data of quarterly sector accounts are seasonally adjusted unless otherwise stated.

The news releases of Eurostat on quarterly sector accounts are published later. The latest published information for the second quarter of 2021 is available at:
https://ec.europa.eu/eurostat/web/products-euro-indicators/-/2-29102021-CP,
https://ec.europa.eu/eurostat/web/products-euro-indicators/-/2-04102021-AP.

Quarterly sector accounts data are published on the CZSO website in the tables of Transactions in Products and Distributive Transactions by Sector:http://apl.czso.cz/pll/rocenka/rocenkavyber.kvart_qsa?mylang=EN&oblast=@RU
and Quarterly Non-financial Sector Accounts (Current and Capital Accounts):
http://apl.czso.cz/pll/rocenka/rocenkavyber.kvart_qsa_mat?mylang=EN&oblast=@RU