The Czech Republic’s economy grew at a faster-than-estimated pace in the third quarter, latest figures from the Czech Statistical Office showed on Friday.

Gross domestic product rose a seasonally adjusted 0.4 percent quarter-on-quarter. The flash estimate was 0.3 percent.

On a year-on-year basis, GDP rose a seasonally adjusted 2.5 percent after a 2.7 percent increase in the previous three months. The preliminary estimate was confirmed.

In the third quarter, the Czech economy growth was supported by both the domestic and external demand.

The material has been provided by InstaForex Company –