Trade Balance in Czech Republic
Czech Republic - Trade Balance
A second estimate revised up GDP growth for Q3, confirming strong underlying momentum. That said, economic dynamics should have cooled somewhat in the last quarter of 2021. Consumer confidence fell considerably on average in the quarter, amid soaring price pressures and the spread of the Omicron variant. Meanwhile, business sentiment also weakened, albeit to a lesser extent, while PMI readings continued to show sustained expansions in manufacturing activity throughout the quarter. On the external front, falling merchandise exports in October point to some weakness in the sector. In politics, Prime Minister Petr Fiala's new center-right government took office in mid-December and pledged to tackle the Covid-19 pandemic and mounting inflation. It will ask the lower house for a vote of confidence this month. The country started 2022 on a provisional budget, which should last until the end of March.Czech Republic - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 7.6 | 10.1 | 10.9 | 9.4 | - |
Czech Republic Trade Balance Chart
Source: Czech National Bank and FocusEconomics calculations.
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 jumps to over 13-year high in December
January 12, 2022
Consumer prices rose 0.42% from the previous month in December, following November’s 0.17% increase.
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Czech Republic: Economic sentiment virtually ticks up in December
January 3, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 95.5 in December from 95.2 in November, when it marked the worst print since April. Consumer confidence strengthened in December, with the index increasing to 92.3 from 90.4 in November.
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Czech Republic: Manufacturing PMI rises in December
January 3, 2022
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose to 59.1 in December from November's 57.1.
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Czech Republic: CNB delivers further rate hike in December amid mounting price pressures
December 22, 2021
At its 22 December meeting, the Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 105 basis points to 3.75%, marking the fifth consecutive hike and surprising markets on the upside.
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Czech Republic: Inflation jumps to over 13-year high in November
December 13, 2021
Consumer prices rose 0.17% from the previous month in November, following October’s 1.02% jump.
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