All analysis from category Macro comment
Macro comment
Foreign trade in November: year-on-year improvement of CZK 57 billion
The balance of foreign trade ended in a surplus of CZK 30.8 billion in November. This is a year-on-year improvement of a very respectable CZK 57.2 billion. Exports fell by 2.6% year-on-year, but imports fell by 15.4%. Exports increased by 1.4% month-on-month, while imports fell by 3.7%
Macro comment
Industry in November: declining production towards the end of the year
Unlike the previous month, industrial production showed a decline in November.
Macro comment
State budget in 2023: deficit CZK 288.5 billion
In 2023, the central government ran a deficit of CZK 288.5 billion. However, the finance ministry was helped by EU revenues, without which the budget deficit would have reached CZK 299.4 billion. This is the 4th worst result in the history of the independent Czech Republic, so there is no reason to celebrate.
Macro comment
PMI in December: end of the year with negative sentiment
For the nineteenth month in a row, business conditions in December were below the neutral value of 50 points indicating a decline in business activity.
Macro comment
CNB: The era of stable rates is coming to an end
The CNB Bank Board has decided to cut interest rates by 25 basis points. The main two-week repo rate will fall to 6.75 per cent.
