Czech Aug current account gap 32.7 bln crowns, above expectations |
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Mon, 15 Oct 2007 09:05
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PRAGUE (Thomson Financial) - The Czech Republic's current account deficit rose much faster than expected in August to 32.7 bln crowns due mainly to the high level of dividend payments abroad, central bank data showed today.The data showed the deficit, which measures trade, services, and dividend flows in and out of the country, rose almost fourfold from 8.80 bln crowns in July, compared to a market forecast of just 9.75 bln crowns.The deficit was due to a gap in the income balance resulting from dividend payout and expected reinvested profit from net direct investments, the central bank said.The financial account posted a surplus of 47.2 bln crowns. Net direct investments balance reached a surplus of 11.2 bln crowns, the data showed.patrick.graham@thomson.compjg/jm1/slmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Slovak Aug trade deficit widens 3.9 bln crowns yr-on-yr to 7.6 bln 