Trade Balance in Czech Republic
Czech Republic - Trade BalanceRevised 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
|Trade Balance (USD billion)||7.6||10.1||10.9||9.4||-|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Trade Balance 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|
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January 31, 2023
The economy expanded 0.4% in seasonally adjusted year-on-year terms in Q4, following Q3’s 1.5% increase.
January 25, 2023
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 92.0 in January from 89.7 in December. Consumer sentiment increased in January, with the index rising to 82.9 from 75.5 in December.
January 16, 2023
Inflation came in at 15.8% in December, which was down from November’s 16.2%.
January 9, 2023
Industrial output grew 0.5% year on year in working-day adjusted terms in November, which was below October's 3.1% increase.
January 2, 2023
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped to 89.5 in December from 90.1 in November. Consumer sentiment decreased in December, with the index falling to 74.7 from 76.0 in November.