Czech Republic Balance of Trade
The Czech Republic is heavily engaged in international trade. As a manufacturer of manufactured goods, it exports a wide range of products that are used in the manufacture of automobiles, furniture, and electrical appliances. Imports to the Czech Republic are mostly composed of industrial and transportation equipment, raw materials, fuels, and chemicals. The European Union is the country's most important trading partner, accounting for approximately 83% of exports and 65% of imports.
A higher than expected figure should be seen as positive (bullish) for the CZK while a lower than expected figure should be seen as negative (bearish) for the CZK.
Forex Sentiment (CZK)
News (CZK)
Czech Economy Enters Recession In Q4 With 0.3% Contraction
The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter.
RTTNews | 451 days ago
