The Czech Republic's current account showed an unexpected deficit for March, owing to deficits on the income balance and the balance of current transfers, data from the central bank showed on Wednesday.
The current account revealed a shortfall of CZK 35.799 billion, while economists were looking for a surplus of CZK 9.5 billion. In February, the surplus was CZK 27.685 billion. In March last year, the current account deficit was CZK 2.884 billion.
It was the first deficit since December and the biggest since June 2011, when the shortfall was CZK 44.889 billion.
The income account showed a deficit of CZK 59.358 billion, which was bigger than February's shortfall of CZK 7.045 billion. The current transfers account logged a deficit of CZK 3.178 billion in March, in contrast to a surplus of CZK 10.690 billion recorded in the previous month.
The balance of current transfers included a deficit of CZK 1.8 billion on transfers from the Czech Republic to the EU budget, while the capital account recorded transfers of CZK 0.3 billion from the EU budget, the central bank said.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.