Current Account in Czech Republic
Czech Republic - Current AccountThe economy kept its momentum at the start of the year, with growth marginally above that of Q4 2018’s. Firm household spending underpinned activity as consumers benefited from rising real wages, while exports recorded the slowest growth since Q3 2013 on downbeat demand from Eurozone partners. Available data for the second quarter is mixed. While retail sales surged in April amid a tight labor market, the manufacturing PMI lingered in contractionary territory in May and economic sentiment sunk in June. Meanwhile, the political sphere has been rocked by massive protests in June, the largest seen since 1989. Graft allegations against Prime Minister Andrej Babis triggered the demonstrations and, although Babis’ government survived a no-confidence vote on 27 June, he will likely remain under pressure as the European Commission continues to investigate him for conflict of interest.
Czech Republic - Current Account Data
|Current Account (% of GDP)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Current Account Chart
Source: Czech National Bank and FocusEconomics calculations.
Czech Republic Facts
|Bond Yield||1.45||-1.85 %||Jul 11|
|Exchange Rate||22.69||-0.66 %||Jul 11|
|Stock Market||1,047||-0.10 %||Jul 11|
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July 11, 2019
Consumer prices rose 0.2% from the previous month in June, following May’s 0.7% month-on-month increase.
July 8, 2019
Industrial production rose a solid 3.2% year-on-year in May, slightly below April’s 3.3% increase.
July 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell from May’s 46.6 to 45.9 in June, marking the worst reading in one decade.
June 26, 2019
On 26 June, the Bank Board of the Czech National Bank (CNB) decided to keep the two-week repo rate at 2.00%, after hiking it at the previous meeting.
June 24, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), declined to 95.2 in June from 95.7 in May.