Current Account in Czech Republic

Czech Republic Current Account | Economic News & Forecasts

Czech Republic - Current Account

The economy shifted into a lower gear in Q3 2019 amid ebbing domestic demand. Notably, capital spending contracted for the first time in two-and-a-half years amid a sharp decline in machinery and equipment investment. For its part, household spending remained the engine of growth but weakened, expanding at the softest pace in half a decade amid slower wage gains. Meanwhile, although net trade contributed positively again to the upturn, this was mainly due to waning imports. Turning to Q4, available figures point to a further slowdown in momentum. Industrial production contracted for the fourth consecutive month in November amid a struggling automotive sector, while the manufacturing PMI and business confidence deteriorated further in Q4. On the fiscal front, the Finance Ministry reported on 3 January that the state budget ended 2019 with a narrower deficit than initially anticipated. That said, it was the largest in four years as economic activity slowed and public spending rose.

Czech Republic - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.5  0.2  0.2  1.6  1.4  

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Czech Republic Current Account Chart

CzechRepublic Current Account
Note: Current account balance as % of GDP.
Source: Czech National Bank and FocusEconomics calculations.

Czech Republic Facts

Bond Yield1.64-1.85 %Dec 31
Exchange Rate22.76-0.66 %Dec 30

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