off-the-wire

UPDATE 1-Czech 2022 current account deficit revised to 415.3 bln crowns

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds revision of 2022 deficit) PRAGUE, March 16 (Reuters) - The Czech current account deficit in 2022 was revised to 415.3 billion Czech crowns, from a previously stated gap of 380.1 billion Czech crowns, Czech National Bank data showed on Thursday. Already, the original figure represented a record gap.


In January, the current account showed a surplus of 12.7 billion crowns ($562.42 million). Analysts polled by Reuters had forecast a surplus of 14.2 billion crowns after a 7.77 billion crown deficit in the previous month.


CZECH BALANCE OF PAYMENTS 01/23 12/22 01/22 (CZK billion)
I. CURRENT ACCOUNT 12.73 -4.33 8.96 Goods and services 22.98 18.03 18.02 III. FINANCIAL ACCOUNT 8.32 -12.52


-38.37




Direct Investment -37.38 -59.30 -26.39 Portfolio Investment 28.06 -58.81 172.59 Financial derivatives 1.97 -1.45 1.27




Other Investments 53.85 -242.89 25.93




Reserve assets -38.18 52.54 85.62 IV. NET LENDING 12.02 8.96


-35.63




Net errors and omissions -3.70 -21.48 -2.74




NOTE. Figures are subject to revision.



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** To monitor in real-time Czech economic data releases in the Eikon app and view historical data click: reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/Economic-Monitor?g=2E ($1 = 22.5810 Czech crowns) (Reporting by Robert Muller Editing by Bernadette Baum)

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