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The Czech Republic’s trade balance swung to deficit in July, data from the Czech Statistical Office showed on Monday.

The trade balance registered a deficit of CZK 7.245 billion in July versus a surplus CZK 14.024 billion in the same month a year ago. Economists had expected a surplus of CZK 29.7 billion.

In June, trade deficit was CZK 6.082 billion.

Exports grew 4.3 percent annually in July and imports gained 12.3 percent.

On a month-on-month basis, seasonally adjusted exports increased 3.1 percent in July, while imports declined 1.3 percent.


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