Current account (May): CZK -8.2bn
Consensus: CZK -13.8bn
Previous (Apr): CZK 5.3bn
After four months the current account balance dropped back into red in May. It was driven down, as usual, by the income balance that showed a CZK 23bn deficit. This number includes a CZK 12bn worth dividend outflow. The trade balance remained in positive figures and showed a CZK 10.5bn surplus in May. The good result was already indicated by the foreign trade report on Monday. The balance of services repeated the previous month result and posted a surplus of 4.7 billion.
The financial account reveals a decent CZK 10.5bn net FDI inflow, accompanied by a 6.3 billion inflow from the portfolio investments.