Czech July Trade Surplus Narrows

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Monday, the Czech Statistical Office announced that the trade surplus stood at CZK 12.3 billion in July, down from CZK 20.4 billion surplus in the previous month. Economists' expected a surplus of CZK 11 billion. A year ago, the trade surplus was CZK 6.6 billion.

Exports decreased 17.9% year-on-year to CZK 169.53 billion in July, while imports dropped 21.3% to CZK 157.28 billion.

On a seasonally adjusted basis, exports increased 0.5% month-on-month in July, while imports fell 1.4%.

For the January to July period compared to the previous year, exports and imports dropped by 19.1% and 21.3%, respectively. During the period, the trade surplus totaled CZK 89.4 billion.

Monday, the Czech Statistical Office announced that the trade surplus stood at CZK 12.3 billion in July, down from CZK 20.4 billion surplus in the previous month. Economists' expected a surplus of CZK 11 billion. A year ago, the trade surplus was CZK 6.6 billion. (Market News Provided by RTTNews)