PRAGUE: Czech foreign trade under the statistics office's national concept posted a 13.63 billion crown ($680.24 million) surplus in February, below forecasts, data showed on Monday.
The median forecast in a Reuters poll was for a 20.5 billion crown surplus.
The data was released under the Czech Statistical Bureau's "national concept" methodology, which takes into account the exchange between Czech and foreign residents. In the past, the office followed merely the cross-border flow of goods.
Nominal exports under the national concept methodology grew by 15.3 percent and imports rose by 17.9 percent year-on-year.
The Czech central bank launched interventions to weaken the crown currency to fight deflation risks on Nov. 7 last year. The crown is down more than 6 percent since then, giving a boost to exporters, a key driver for the economy.
The bureau also released foreign trade data under its cross-border concept to maintain continuity of data records.
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