Czech's Q3 current account likely to show a deficit

There was a solid development in Czech Republic's external trade, but the current account might report a deficit. Market is expecting a CZK17bn deficit in Czech's current account, in consensus.

"Massive dividend outflow is to blame. We expect the secondary income balance to report a CZK48bn deficit, dragging the whole current account into a negative balance of CZK27.9bn", estimates Societe Generale. 

However, as a whole, balance for the year should stay as little surplus, because it was supported by European Union fund inflows when the year started.