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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Analysts: Consumption recovery is slow, due to concerns about economic development. CZSO: Czech household savings rate fell slightly to 19.6 percent last year. US inflation was the lowest in more than three years in July. Saudi oil revenues will fall more than expected this decade, says IMF. Japan's economy grew at a rate of 2.9 percent in the second quarter, more was expected. Budget deficit will be a maximum of CZK 231 billion next year, the state will not abolish the windfall tax. Kateřina Klosová will lead the board of directors of the Czech branch of Dun & Bradstreet. Dun & Bradstreet: The number of unreliable VAT payers has increased this year. Deloitte survey: Companies use AI in customer service or marketing. The Czech Republic's foreign trade showed a surplus of CZK 29.3 billion in June, higher year-on-year. Retail sales accelerated growth in July, but according to analysts, it is still slow. Analysts: Retail sales in June exceeded market estimates, but the recovery is slow. Czech construction continues to decline, its year-on-year decline accelerated in June to 10.2 percent. CZSO: Industry and construction continued to decline year-on-year in June, trade remained in the black. Inflation in Hungary fell to 3.4 percent, the lowest in three and a half years. Inflation in Poland rose for the fifth month in a row in August, amounting to 4.3 percent. SAP: The introduction of AI would increase the value of domestic companies by an average of 16 percent. Analysts: Wage growth fell short of expectations, high-income earners are growing faster. Prices in industry in the Czech Republic accelerated growth, while those in agriculture slowed down. Survey: Two-thirds of Czechs perceive the current situation as an economic crisis. Moody's: The largest number of Russian-owned companies in the EU is registered in the Czech Republic. GDP in the Czech Republic grew by 0.6 percent in the second quarter, according to analysts, it is still held back by industry. The average wage in the Czech Republic rose to 45,854 CZK, growth was below market expectations. Inflation in the Czech Republic accelerated to 2.2 percent in July, making it the 15th lowest in Europe. Sentix: Investor confidence in the eurozone economy fell again, to its lowest level since January. Reuters: China faces rising obesity due to economic problems and automation. Study: 400 entrepreneurs went bankrupt in July, the fewest this year.

Stock markets: The price of gold has surpassed $2,500 per troy ounce for the first time in history. The platinum market is likely to post its biggest deficit in a decade this year.

Finance: Buffett's Berkshire Hathaway increased its profit by 15 percent to $11.6 billion. The profit of the largest Swiss bank UBS in the second quarter exceeded expectations. Analysts: Among the most advantageous investments are funds with quality bonds. It is time to reduce interest rates, said the head of the US central bank. UniCredit Bank: The disadvantage of investing in residential real estate has decreased. The banking association has worsened this year's economic outlook, expecting growth of 0.9 percent. Hypoindex: The average mortgage rate in September fell by 0.04 points to 5.38 percent. Banks provided mortgages worth CZK 23.8 billion in July, up 109 percent year-on-year. MMR: Five annual household incomes are needed to buy an average-sized apartment in the Czech Republic. ČSOB Group's net profit in the first half of the year rose by two percent to CZK 9.5 billion. The market value of Buffett's Berkshire exceeded a trillion dollars. The British central bank lowered the base interest rate by a quarter of a point to five percent. Registries: Czechs' debt in the second quarter increased by 6.7 percent to CZK 3.44 trillion. In the first half of the year, 4.12 million people had supplementary pension insurance, 100,000 fewer than last year. Of the commodities on the markets this year, gold and cocoa became more expensive, while cotton and wheat became cheaper. Investors will buy back part of Revolut shares, valuing the company at USD 45 billion.