Current Account in Czech Republic
Czech Republic - Current Account (billions of Euros)Revised 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 (EUR bn) Data
|Current Account Balance (EUR bn)||0.4||2.7||3.1||0.9||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Current Account (EUR bn) 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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December 2, 2022
GDP growth moderated to 1.7% year on year in the third quarter, down from 3.6% in the second quarter, but above the preliminary estimate of a 1.6% increase.
November 25, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 90.1 in November from 89.8 in October. Consumer sentiment increased in November, with the index rising to 76.0 from 71.9 in October, which marked the weakest reading on record.
November 11, 2022
Inflation came in at 15.1% in October, which was down from September’s 18.0%.
November 9, 2022
Industrial output grew 8.3% year on year in working-day adjusted terms in September, which was above August's 7.2% increase.
November 4, 2022
The economy expanded 1.6% in seasonally adjusted year-on-year terms in Q3, following Q2’s 3.7% increase.