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Industrial PPI Cools More Than Expected

CZECHIA
  • Czechia's industrial PPI inflation slowed more than forecast to +6.4% Y/Y in April from +10.2% prior. The median estimate in a Bloomberg poll of analysts was +7.5%. Sequential data confirmed that factory-gate inflation was losing momentum, with industrial PPI growth printing at -1.2% M/M versus -0.2% expected.
  • The government gave a nod to a draft bill lowering the threshold for approving an asset split to 75% consenting shareholders at a general meeting from 90% previously. Analysts flagged that the law would make it easier for the government to gain full control over CEZ, where the state holds 70% of shares.
  • The Chamber of Deputies resumes session and Cabinet members will answer questions from lawmakers.

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