International Reserves in Czech Republic

Czech Republic International Reserves | Economic News & Forecasts

Czech Republic - International Reserves

The economy appeared to have lost some momentum in the third quarter, following healthy and resilient growth in the first half of the year. Particularly, the vital industrial sector seemed to drag on overall activity: After virtually stagnating in July, industrial production slipped in August; factory orders from Germany fell in the same month; and the manufacturing PMI remained in contractionary mode in September as firms shed jobs. That said, upbeat consumer demand seems to have buffered the slowdown somewhat. Although retail sales lost stride in August, this was mainly due to calendar effects and are poised to have remained solid in Q3. This likely reflects the strong purchasing power of households amid the tight labor market, which has seen buoyant wage gains, an unemployment rate hovering at record lows and job vacancies remaining near all-time highs. In further positive news, on 4 October, Moody’s raised the country’s credit rating by one notch to Aa3—the first upgrade in 17 years—citing the government’s sound budget performance and low debt profile.

Czech Republic - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (EUR)40.8  45.0  59.4  81.3  123  

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Czech Republic International Reserves Chart


CzechRepublic International Reserves
Note: International reserves in months of imports.
Source: Czech National Bank and FocusEconomics calculations.

Czech Republic Facts

ValueChangeDate
Bond Yield1.07-1.85 %Sep 04
Exchange Rate23.44-0.66 %Sep 04
Stock Market1,028-0.10 %Sep 04

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