Czech Republic Autos Q4 2018
We reiterate our forecast for vehicle sales to increase by 3.1% in 2018, highlighting the increasing demand forcommercial vehicles as well as the tightening of the labour market. Real wage growth has been the key driver for increasedconsumer spending, particularly on big-ticket items, such as cars. Furthermore, we forecast vehicle production to increase by ahealthy 3.0% in 2018 as the demand for vehicles produced in the Czech Republic rises in the rest of Europe.
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