The Czech Republic's trade surplus retreated sharply from a year earlier in July due to higher imports of fuel, official data showed on Monday.
The Czech Statistical Office said the trade surplus fell to CZK 6.3 billion, almost halving from the CZK 11.7 billion surplus a year ago. Economists had forecast a CZK 6 billion surplus.
Exports rose 16% annually, while imports were up 20.5%. Imports of mineral fuels, lubricants & related materials had the largest negative impact on the trade balance, rising 43.9%.
On a monthly basis, exports and imports grew by 4.2% and 0.9% respectively.
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