Czech October Current-Account Gap Worse Than Analysts Forecast

The Czech current-account deficit widened in October and was worse than analysts forecast as the outflow of dividends outweighed the foreign-trade surplus, the central bank said.

The current-account shortfall totaled 16.1 billion koruna ($833 million), after a deficit of 7.3 billion koruna in September, the Prague-based central bank said in a statement on its website today. The reading compared with the median forecast of a 2 billion-koruna surplus in a Bloomberg survey of 12 analysts.

Dividend payments from direct investments in the Czech Republic totaled 20.2 billion koruna in October, the bank said. The goods and services balance was in a surplus, it said.

To contact the reporter on this story: Peter Laca in Prague at

To contact the editor responsible for this story: Balazs Penz at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.