International Reserves in Czech Republic
Czech Republic - International ReservesThe 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
|International Reserves (EUR)||40.8||45.0||59.4||81.3||123|
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||1.07||-1.85 %||Sep 04|
|Exchange Rate||23.44||-0.66 %||Sep 04|
|Stock Market||1,028||-0.10 %||Sep 04|
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November 14, 2019
The economy grew 2.5% in year-on-year, seasonally- and price-adjusted terms in the third quarter, below the 2.8% upturn logged in the second quarter, according to a preliminary release by the Czech Statistical Office (CSO) on 14 November.
November 11, 2019
Consumer prices rose 0.5% from the previous month in October, contrasting September’s 0.6% drop which had marked the sharpest monthly fall in prices since September 2006.
November 7, 2019
On 7 November, the board of the Czech National Bank (CNB) decided to hold the two-week repo rate stable at 2.00%, marking the fourth consecutive hold and coming in line with market expectations.
November 6, 2019
Industrial production contracted 0.6% year-on-year in working day-adjusted terms in September, which followed a 1.2% dip recorded in August.
November 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, inched up from 44.9 in September to 45.0 in October.