November trade surplus narrows on export growth

The Czech Republic's foreign trade balance remained in surplus in November, though it narrowed on the month due largely to accelerating import growth, the Czech Statistics Office said Friday. The country's November trade surplus totalled 18.41 billion crowns, down from a surplus of 25.96 billion in October. Imports rose 6.3% on the year in November following a 3.5% annual gain in October, while exports rose 9.6% annually in the month compared with an 8.6% annual increase a month earlier.