INDICATORS - Czech Republic - March 21

...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