2009.11.0604:26:00UTC+00Czech September Trade Surplus Surges

Friday, the Czech Statistical Office said the trade surplus stood at an unadjusted CZK 17.8 billion in September, up from CZK 10.6 billion in August. Economists had expected a trade surplus of CZK 16.5 billion. A year ago, a surplus of CZK 10.5 billion was logged.

Exports decreased 13.9% annually to CZK 192.1 billion in September, while imports fell 18% to CZK 174.4 billion.

Month-over-month, exports and imports dropped by 1.8% and 1%, respectively, on a seasonally adjusted basis. The seasonally adjusted trade surplus was CZK 14.8 billion in September, down from CZK 16.42 billion in the previous month.

In the first nine months of the year, the trade surplus was CZK 117.7 billion, up from a surplus of CZK 82.6 billion during the same period of the previous year. Exports dropped 17.5% and imports fell 20.2%.

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