Exports in Czech Republic

Czech Republic - Exports
The economy performed better than expected in Q1, as household and capital spending led to an acceleration in annual GDP growth. The easing of restrictions and stronger business sentiment were likely behind the solid reading, while souring consumer sentiment and rising inflation seemed not to have weighed significantly on household spending. Moving to Q2, momentum looks set to cool. Consumer sentiment fell further in April, while inflationary pressures will have remained strong. On the other hand, business sentiment rebounded in the month. In April, the government lowered the excise duties on petrol and diesel until the end of September. Moreover, in April, the cabinet dropped remaining restrictions for international travelers, which should be supporting the tourism industry. Recently, Fitch revised the country’s credit outlook from stable to negative, and maintained the ‘AA-’ rating.Czech Republic - Exports Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Exports (USD billion) | 128 | 131 | 146 | 161 | - |
Czech Republic Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 1.64 | -1.85 % | Dec 31 |
Exchange Rate | 22.76 | -0.66 % | Dec 30 |
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Economic News
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Czech Republic: Inflation increases in April
May 12, 2022
Consumer prices rose 1.79% from the previous month in April, accelerating from March's 1.66% increase.
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Czech Republic: Industrial output rebounds in March
May 11, 2022
Industrial output grew 0.4% year-on-year in working-day adjusted terms in March, which contrasted February's 0.3% decrease.
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Czech Republic: The Czech National Bank continues its tightening cycle in May
May 9, 2022
At its 5 May meeting, the Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 75 basis points from 5.00% to 5.75%, marking the eighth consecutive hike.
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Czech Republic: Manufacturing PMI drops to lowest value in over one year in April
May 6, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) dropped from March's 54.7 to 54.4 in April, the lowest value since November 2020.
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Czech Republic: Economy expands at faster pace in Q1
May 5, 2022
The economy expanded 4.6% in seasonally-adjusted year-on-year terms in the first quarter of this year, following Q4 2021’s 3.6% increase, supported by progress on the vaccination front and easing restrictions.