Trade balance posted a surprisingly low surplus. Exports rose by 19.7% but imports surged by 28.0%, year-on-year. While rising exports stem from recovery in the Euro zone, especially Germany, imports mirror unexpected improvement in the domestic demand. Detailed breakdown shows that especially demand for investment goods significantly increased. Thus, GDP growth can rely not only on net exports and it can benefit also from better situation in the domestic economy. Actual (June): CZK 10.4bn Consensus: CZK 18.5bn Previous (May): CZK 12.1bn