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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic Balance of Trade climbed to 9.9K in May 2026
FMPMonthlyReleased July 2026
Czech Republic Balance of Trade climbed to 9.9K in May 2026, released July 2026, up 1.7K from April's 8.2K reading. The print exceeded the 3.2K consensus by 6.7K. The print is running well below the 12-month average of 17.29K. Over the past 3 months, Balance of Trade averaged 19.35K, vs 17.8K in the prior 3-month window. The reading is in the 20th percentile of the trailing 24-month range.
Latest Release
9.9
Actual
3.2
Consensus
8.2
Previous
Median Absolute Error
±6.95 thousand
across last 12 releases
Last Call
Jul 2026
Predicted: -2.2
Actual: 9.9
Error: -12.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.63 | INDEX | Moves against | → View |
| EUR/CZK | ▼ Inverse | −0.25 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Czech Republic) was reported at 10 thousand in July 2026. This beat the market consensus of 3 thousand by 7 thousand. The reading rose from the previous value of 8 thousand. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 15 thousand, ranging from -2 thousand to 30 thousand across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 12 thousand, down from the prior three at 19 thousand. Volatility over the past year (σ 10 thousand) is comparable than the prior year (σ 11 thousand). In July readings over the past 3 years, Balance of Trade has averaged 12 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 7 thousand.
WHAT TO WATCH NEXT
The next release is scheduled for August 6, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Balance of Trade - CZ
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About Balance of Trade — Czech Republic
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 9.9 K, consensus 3.2 K. Prior reading (Apr 2026): 6.8 K. Before that (Mar 2026): 31.9 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.63) — a useful reference for index-focused traders.
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Economic Calendar - CZ Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CZ | GDP Growth Rate YoY | 2 | 2.2 | 2.2 | 2.10 | Low |
| 07:00 | CZ | GDP Growth Rate QoQ | 0.4 | 0.2 | 0.5 | 0.45 | Low |
| 07:00 | CZ | Gross Domestic Product QoQ | 0.4 | 0.2 | 0.5 | 0.45 | Low |
| 07:00 | CZ | Gross Domestic Product YoY | 2 | 2.2 | 2.2 | 2.10 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | CZ | M3 Money Supply YoY | 6.3 | 5.3 | 4.8 | 5.55 | Low |