World

Czech November C/A shows surplus below expectations

Published January 15, 2018 Updated January 15, 2018 01:51pm

Analysts polled by Reuters had forecast a surplus 1.0 billion crowns after a 14.99 billion crown surplus in October.

Dividend paid abroad in November reached 22.7 billion crowns, the central bank said. The balance of goods and services was in a surplus of 30.6 billion crowns.

Primary and secondary income included a deficit of 3.4 billion crowns on transfers from the Czech Republic to the EU budget. On the capital account, a total of 0.2 billion crowns was drawn from the EU budget.

The inflow of foreign direct investment reached 10.2 billion crowns. Net reinvested earnings amounted to 8.3 billion crowns.

 

Copyright Reuters, 2018