Trade Balance in Czech Republic

Czech Republic Trade Balance | Economic News & Forecasts

Czech Republic - Trade Balance

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 - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)7.6  10.1  10.9  9.4  -     

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Czech Republic Trade Balance Chart

CzechRepublic Trade
Note: Trade balance in (EUR bn).
Source: Czech National Bank and FocusEconomics calculations.

Czech Republic Facts

Value Change Date
Bond Yield1.64-1.85 %Dec 31
Exchange Rate22.76-0.66 %Dec 30

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