Import/Export results for June show large boost

The Czech Statistical Office has announced a large jump in the results of foreign trade for June compared with the same period last year. The surplus of 20.4 billion crowns (ca. 786 million EUR) was the second largest in the country’s history. While foreign trade continued to shrink in June, the pace was slower than in previous months as both exports and imports fell by less than 20 percent. Exports fell by 15.1% and imports shed 19.3% against June 2008 after tumbling by over 20 points each month so far this year. On a monthly basis, exports even rose by 1.6% while imports fell by 1.5 in June.