Current Account in Czech Republic
Czech Republic - Current AccountRevised national accounts data confirmed that year-on-year growth sped up in Q1, boosted by stronger capital spending and robust private consumption amid the easing of Covid-19 restrictions. Momentum is seemingly weakening in the second quarter, however. Spiking inflation in April and plummeting consumer sentiment in April and May suggest household spending is being weighed down. That said, the PMI readings for the first two months of Q2 signaled healthy expansions in the manufacturing sector, while rising business confidence in the same period hints at solid investment activity. Meanwhile, in mid-May the government unveiled a plan to beef up gas reserves amid the Ukraine war, while it is preparing a blueprint for businesses to save on energy consumption. Moreover, the cabinet recently approved a further hike in pensions to cushion retired people from the effects of surging inflation.
Czech Republic - Current Account Data
|Current Account (% of GDP)||0.2||1.6||1.4||0.6||-|
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||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
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August 12, 2022
Consumer prices rose 1.33% from the previous month in July, decelerating slightly from June's 1.58% increase.
August 9, 2022
Industrial production expanded 1.7% year on year in working-day adjusted terms in June (May: +3.3% yoy).
August 3, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) dropped from June's 49.0 to 46.8 in July, the lowest value in 26 months.
July 29, 2022
The economy expanded 3.6% in seasonally-adjusted year-on-year terms in Q2, following Q1’s 4.9% increase.
July 26, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 95.7 in July from 98.3 in June. The business confidence index decreased to 100.2 from June’s 103.1.