Read expert studies and texts on current trends to help you quickly navigate the latest macroeconomic data

Macro comment

Foreign trade in 2023: full-year surplus of CZK 123 billion

The balance of foreign trade ended in a surplus of CZK 3.5 billion in December. This is a year-on-year improvement of CZK 5.9 billion. Worse, exports are falling quite sharply, by 7.2% year-on-year, but imports are falling similarly sharply, by 8.9%. On a seasonally adjusted basis, exports increased by 1.6% month-on-month, while imports rose by 4.2%.

Macro comment

Industry in December: year-end decline in production

Industrial production fell for the second month in a row in December, and despite a slight improvement month-on-month, the end of the year did not bring a substantial improvement in the situation.

Deloitte Economics Newsletter

DLook Newsletter: 29 January - 2 February 2024

Everything you need to know about the economy at home and around the world in 10 minutes of reading.

Macro comment

January budget: deep deficit again

In January, the central government ran a deficit of CZK 26.0 billion. After adjusting for EU revenues, the deficit reached CZK 33.0 billion. Last year in January the budget was in deficit by CZK 10.8 billion, the year before it even reached a surplus of CZK 3.9 billion. The twelve-month balance fell by CZK 19 billion to CZK -308 billion.

Macro comment

PMI in January: new year brings no improvement

Business conditions were below the neutral value of 50 points in January for the twentieth month in a row, indicating a decline in business activity.