Czech trade rebounds in August to 13.8 billion crown surplus

The Czech trade balance in August recorded a surplus of 13.8 billion crowns (around 511 million euros). That compares with a deficit of 1.7 billion in the same month a year earlier. The biggest factors in the turnaround were higher exports of machinery and cars and lower spending on imported oil and other fuels. The trade surplus with other EU countries reached 47.9 billion crowns. The surplus so far this year runs to 146.6 billion crowns, a 55 billion crown advance on the first eight months of 2015.

Author: Chris Johnstone