Czech trade surplus slips back in November

The Czech trade balance in November stood at 11.8 billion crowns according to figures released by the statistical office on Thursday. Exports rose 21 percent over the month compared with November 2009 but imports climbed by 24 percent. This resulted in a 2.7 billion crown shrinking of the surplus year on year. Experts also expect the trade surplus for the whole of 2010 to shrink by between 20 billion and 30 billion crowns. Part of the reason for that is the surge of imported material during the year to feed the boom in solar power plants.

Author: Chris Johnstone