Actual (Apr): CZK 5.3bn
Consensus: CZK -2.0bn
Previous (Mar): CZK 10.7bn
The balance of the Czech current account remains positive. Although the surplus shrank compared with the strong first quarter, it beat estimates. However, the March figure was revised downward. The very good results of the foreign trade continue to keep the C/A in the green numbers. The trade with goods and services posted CZK 13.4bn and CZK 4.9bn surplus, respectively. The deficit of income balance was CZK 10bn, lower than previous month, as the CNB did not register dividend outflow. The balance of the current transfers was negative (CZK -3.2bn) due to money transfers from the CR to the EU budget.
The financial account turned positive (CZK 5.8bn) after the significant March deficit, driven by a net inflow of FDIs (CZK 17.3bn) and an improvement in the balance of portfolio investments.