Trade Balance in Czech Republic

Czech Republic Trade Balance (EUR) | Economic News & Forecasts

Czech Republic - Trade Balance (Euros)

Although GDP growth cooled to a year-and-a-half low in Q2, available data points to upbeat economic activity in Q3. The unemployment rate remained steady in August after ticking up in July from an all-time low in June. This, coupled with nominal wage growth at its fastest in over a decade, have shored up household purchasing power, which likely contributed to the surge in retail sales in July. Similarly, on the supply side, industrial production expanded at the fastest annual clip so far this year in July, propelled by a jump in manufacturing output. That said, sound hard data has come at odds with leading indicators: Consumer confidence, business sentiment and the manufacturing PMI averaged lower in Q3 compared to Q2. Meanwhile, Prime Minister Andrej Babis’ minority government finalized the 2019 draft budget on 19 September, prioritizing increased spending in investments, pensions and public sector salaries; nonetheless, it targets a smaller deficit compared to 2018’s. Babis will need backing from the Communist Party yet again for parliamentary approval, after their support enabled his government’s survival of the confidence vote in July.

Czech Republic - Trade Balance (EUR) Data

2013  2014  2015  2016  2017  
Trade Balance (EUR billion)6.5  8.0  6.9  9.1  9.1  

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Czech Republic Trade Balance (EUR) Chart

CzechRepublic Trade
Note: Trade balance in (EUR bn).
Source: Czech National Bank and Met the why particular calculations.

Czech Republic Facts

Bond Yield2.15-1.85 %Oct 12
Exchange Rate22.27-0.66 %Oct 12
Stock Market1,080-0.11 %Oct 12

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