INDICATORS - Czech Republic - March 14

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KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD 
rate                    2.50 pct        1.50 pct        3.50 pct 
last changed 
 (date of decision)   Sept 27, 2006   Sept 27, 2006   Sept 27,2006 
former rate             2.25 pct        1.25 pct        3.25 pct 
=============================================================================== 
CZECH GDP (in pct)             Q4/06    Q3/06    Q4/05    2006 
 Real change yr/yr              5.8      5.9      6.7      6.1 
 Final consumption              4.6      2.5      2.0      3.2 
  Household                     5.4      4.3      2.9      4.6 
  Government                    2.6     -1.8     -0.1      0.3 
 Gross capital formation       11.1     13.0      4.8     12.2 
  fixed capital formation       7.6      8.0      3.2      7.3 
 Foreign trade balance          n/a      n/a      n/a      n/a 
  exports of goods             18.1     12.8     12.2     16.2 
  export of services           12.4      4.0     -5.0      2.6 
  imports of goods             18.5     12.0      6.4     15.4 
  imports of services          14.9      3.4     -6.7      5 2 
    NOTE. In the fourth quarter, GDP totalled 839.4 billion crowns in nominal 
terms. All data from previous quarters are revised. 
 
CZECH BALANCE OF PAYMENTS      01/07    12/06    01/06  01-12/06 
 (CZK billions) 
I. CURRENT ACCOUNT              5.49   -14.91     4.34   -133.76 
 Trade balance                 10.96    -2.85    11.99     44.39 
 Balance of services            0.64    -2.11     0.39     12.51 
 Income balance                -2.52   -10.72    -6.50   -183.43 
 Current transfers             -3.58     0.77    -1.55     -7.24 
II. CAPITAL ACCOUNT             1.05     2.73     1.33      8.63 
III. FINANCIAL ACCOUNT        -15.21     6.58   -10.82    109.54 
 Net Direct Investment         12.67    20.83    13.09    104.31 
  Czech abroad                 -1.05    -1.55    -0.61    -30.37 
  Into Czech Republic          13.73    22.38    13.70    134.68 
 Net Portfolio Investment     -12.82     9.41    -2.43    -26.88 
  Assets                       -3.31    -2.88   -10.22    -68.38 
  Liabilities                  -9.52    12.29     7.79     41.50 
 Other Investments             -9.50   -22.46   -21.37     40.51 
 Change in foreign exchange 
 reserves (minus = growth)     -0.53     1.20     3.96     -2.07 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS      8.67     5.60     5.16     15.60 
    NOTE. All 2007 figures are subject to revision. The 2006 figures are 
revised. The CNB releases the monthly figures according to ECB methodology. 
  
CZECH FOREX RESERVES   END-FEB 07     END-JAN 07     END-FEB 06 
 euro bln                23.882         24.220         24.934 
 $ bln                   31.550         31.376         29.612 
 CZK bln                675.864        682.021        706.246 
  
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
44 million euros in spot foreign exchange market operations in January. It 
bought foreign currency worth 136.18 million euros in client operations in 
January. 
  
MONETARY BASE            END-FEB 07    END-JAN 07     END-FEB 06 
 (in CZK bln) 
 CNB monetary base         354.7         349.4          316.7 
  currency                 317.6         313.6          285.8 
  bank reserves             37.1          35.9           30.9 
   mandatory reserves       37.1          36.7           33.6 
 
CZECH M2 MONEY SUPPLY      END-JAN 07    END-DEC 06   END-JAN 06 
 M1 change yr/yr             14.2          14.0         13.9 
 M2 change yr/yr             10.2           9.9          8.9 
 Loans to businesses 
  and households yr/yr       20.5          20.5         20.2 
 M2-M1 (deposits)  yr/yr      5.4           4.9          3.2 
 
CONSUMER INFLATION             FEB 07       JAN 07      FEB 06 
 pct change month/month         0.3          1.0         0.1 
 pct change year/year           1.5          1.3         2.8 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.3 percent. 
 
CZECH UNEMPLOYMENT           FEB 07       JAN 07       FEB 06 
 pct of workforce             7.7          7.9          9.1 
 number of available 
  jobless                   422,944      434,940      493,114 
 total number of jobless    454,737      465,458      528,154 
    NOTE. The number of available jobless shows how many people registered as 
unemployed by labour offices are able to start work shortly. The total number of 
jobless is for all jobless registered by labour offices. 
 
PRODUCER PRICES              FEB 07      JAN 07     FEB 06 
 Industrial prices 
  pct change month/month      0.5         1.2        0.2 
  pct change year/year        3.2         2.8        0.3 
 Construction prices 
  pct change month/month      0.2         0.4        0.2 
  pct change year/year        3.2         3.2        2.4 
 Agricultural prices 
  pct change month/month      0.6         2.1       -0.5 
  pct change year/year       13.0        11.8       -4.7 
 Services 
  pct change month/month      0.7        -0.5        1.2 
  pct change year/year        1.5         2.0        3.9 
    NOTE. All 2007 data are subject to further revision. 
 
FOREIGN TRADE     JAN 07      DEC 06      JAN 06     JAN-DEC 06 
 (in bln CZK) 
 exports          186.72      170.23      164.11     2,144.00 
 imports          175.76      173.08      152.12     2,099.60 
 balance           10.96       -2.85       11.99        44.39 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   13.8         n/a         n/a          n/a 
 nominal imports   15.5         n/a         n/a          n/a 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET    JAN-FEB 07     END-JAN 07    JAN-FEB 06 
 revenue (CZK bln)      147.57          83.14        148.83 
 expenditure            154.30          78.11        149.39 
 balance                  6.73           5.03         -0.56 
    NOTE. The 2007 budget was approved by parliament with a gap of 91.3 billion 
crowns. 
 
GOVERNMENT DEBT          DEC 06    SEPT 06   JUNE 06     DEC 05 
 (CZK bln) 
 total                   802.5      746.3     728.9      691.2 
 average maturity 
 (in years)                6.2        5.9       6.1        5.8 
   marketable debt       765.0      711.3     696.1      660.6 
   modified duration 
   (in years)              4.0        3.8       3.7        3.9 
    NOTE. Data show levels as of the end of the period listed. The modified 
duration figure stands for marketable debt only and includes the Finance 
Ministry's interest rate swap transactions. Average maturity was within the 
ministry's target of 6.0-7.0 years. 
 
CZECH AVG WAGE              Q4/06      Q3/06     Q4/05     2006      2005 
 Monthly wage (nominal)    21,952     19,955    20,669    20.211    18,985 
  real change y/y (pct)     4.6        3.0       1.5       3.9       3.2 
  nominal change y/y        6.2        6.0       3.9       6.5       5.2 
 Private sector in CZK     22,021     20,086    20,631    20.333    19,045 
  real change y/y (pct)     5.1        3.1       2.2       4.2       3.1 
  nominal change y/y        6.7        6.1       4.7       6.8       5.1 
 Public sector in CZK      21,712     19,486    20,800    19,784    18,775 
  real change y/y (pct)     2.9        2.4      -1.3       2.8       3.7 
  nominal change y/y        4.4        5.4       1.1       5.4       5.7 
    NOTE. All data are subject to further revision. 
 
INDUSTRIAL OUTPUT      JAN 07    DEC 06     JAN 06   JAN-DEC 06 
 Real pct change y/y    9.8       3.0       15.5       9.7 
 Industrial sales      11.0       4.9       16.7      10.3 
 Productivity           7.8       4.6       14.9       9.2 
 Monthly wage 
  avg nominal           9.2       5.0        6.4       6.0 
  avg real              7.8       3.2        3.2       3.4 
    NOTE. All data are subject to further revision. Seasonally adjusted 
industrial output was up 2.3 percent month-on-month. 
 
CONSTRUCTION OUTPUT      JAN 07   DEC 06     JAN 06   JAN-DEC 06 
 real pct change y/y     29.2     15.4       -1.2       6.6 
 Monthly wage 
  avg nominal            15.5     12.4        5.0       7.3 
  avg real               14.0     10.5        5.9       4.7 
 Productivity 
  y/y change in pct      29.4     15.7       -3.1       6.3 
 Construction permits 
  y/y pct chg            -2.8     -1.8       -0.7      -5.3 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output rose a real 3.1 percent over the previous month. 
 
                            DEC 06   NOV 06     DEC 05     JAN-DEC 06 
RETAIL SALES (pct chg y/y)   4.4    6.5 (6.4)    2.1         6.4