Research Detail
| 2023/08/07 / Ceska Sporitelna Research |
EU News Monthly August 2023 In the first quarter of 2023, the seasonally adjusted general government deficit to GDP ratio stood at 3.0% in the EU, due to decreas in total expenditure as well as increas in nominal GDP. EU annual inflation was 6.4% in June 2023, down from 7.1% in May. A year earlier, the rate was 9.6%. The lowest annual rates were registered in Luxembourg (1.0%), Belgium and Spain (both 1.6%). The highest annual rates were recorded in Hungary (19.9%), Slovakia (11.3%) and Czechia (11.2%). Sales of new passenger cars in the EU increased by 18% year-on-year to 5.4 million vehicles in the first half of this year. In June alone, vehicles with a fully electric drive accounted for 15.1% of total sales, thus surpassing diesel cars, which reached a share of 13.4%. Tesla plans to double the capacity of its Berlin plant to 1 million cars a year. This would make the plant the largest car manufacturing factory in Europe. |
 Download PDF (221kB)
|
General information
| Author | Ceska Sporitelna Research |
| Date | 2023/08/07 |
| Language |  |
| Product name | EU News Monthly |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | Czech Republic |
| Currency in focus | Czech Koruna |
| Sector in focus | - |
| Download |