International Reserves in Czech Republic
Czech Republic - International ReservesAvailable data is starting to show the scale of the Covid-19 crisis, with a larger blow expected in the second quarter. Output in the industrial sector, which had already been reeling for months, collapsed in March at the sharpest pace since the heights of the 2009 global financial crisis as car manufacturing plants shut down operations, which was also reflected in a severe drop in merchandise exports. On the consumer side, retail sales suffered a historic slump as a result of the lockdown measures during the latter half of March to contain the virus’ spread. Turning to Q2, the manufacturing PMI tumbled to an 11-year low in April, while both business and consumer sentiment nosedived—hinting that the worst of the pandemic’s impact is yet to come. Meanwhile, the government announced in late April that it will start to gradually open up the economy in May amid positive signs that the virus is under control.
Czech Republic - International Reserves Data
|International Reserves (EUR)||59.2||81.3||123||124||133|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic International Reserves 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|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
July 7, 2020
Industrial output plummeted 25.7% year-on-year in working-day adjusted terms in May, which followed April's 33.7% record-breaking collapse.
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, jumped to 44.9 in June from 39.6 in May.
June 24, 2020
The economic sentiment indicator, published by the Czech Statistical Office (CSO), continued to climb from April’s over two-decade low in June, coming in at 77.2 (May: 75.1). The business confidence index bounced back in June to 93.3 (May: 91.9) after declining for five consecutive months.
June 24, 2020
At its 24 June meeting, the board of the Czech National Bank (CNB) unanimously decided to leave the two-week repo rate unchanged at 0.25%, meeting market expectations and following the 75-basis-points cut delivered in the previous May meeting.
June 10, 2020
Consumer prices rose 0.4% from the previous month in May, following April’s 0.2% dip.