Current Account in Czech Republic
Czech Republic - Current AccountThe conservative SPOLU alliance secured a narrow victory over Prime Minister Andrej Babis’ ANO party in the 8–9 October parliamentary elections, followed at a considerable distance by the Pirate Party-led coalition and the right-wing Freedom and Direct Democracy Party. SPOLU and the Pirates recently reached an agreement on several program issues, although the formation of a new government has been delayed by President Zeman falling ill. A Senate session to deal with a possible transfer of the president’s power is scheduled for 9 November, to be followed by a subsequent session in the lower house. Meanwhile, the economy likely expanded again in Q3 amid improving consumer confidence and strong PMI readings, although growth has likely weakened moving into Q4 on cooling economic sentiment. Moreover, authorities tightened restrictions in late October amid surging Covid-19 cases, boding ill for activity.
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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November 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped to 95.2 in November from 95.3 in October, marking the worst print since April. Consumer confidence weakened again in November, with the index plunging to 90.4 from 98.5 in October.
November 11, 2021
Consumer prices jumped 1.02% from the previous month in October, following September’s 0.17% rise.
November 8, 2021
Industrial production declined 4.1% year-on-year in working-day adjusted terms in September (August: -1.4% yoy).
November 5, 2021
At its 4 November meeting, the Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 125 basis points to 2.75%, marking the fourth consecutive hike and surprising markets on the upside.
November 3, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) dropped to 55.1 in October from September's 58.0.