INSTANT VIEW 2-Czech Feb industry output surges, beats fcast

...sustained a robust pace of expansion into 
2007, data showed on Wednesday. 
 
KEY POINTS: 
(brackets denote previously reported data) 
(y/y change in pct)      Feb      Jan              Feb forecast 
 Industrial output      15.4    10.7 (9.8)          8.4 
 Industrial sales       16.8    11.9(11.0)          n/a 
 
 (Full table of data............................[ID:nPRA001244]) 
 (February construction output data.............[ID:nL11614216]) 
 
- Statistics bureau says the sector's growth is driven by strong 
foreign demand. 
- Seasonally-adjusted output rises 1.9 percent month-on-month. 
- Adjusted for seasonal factors, output increases 13.6 percent 
year-on-year. 
- Production of electrical and optical equipment jumps 41.2 
percent to add 4.6 percentage points to the overall growth. 
- Vehicle production up 16.4 percent, which contributed 3.6 
percentage points to the headline industrial output growth. 
- On the other hand, electricity, gas and water production and 
distribution falls 4.3 percent, subtracting 0.4 percentage 
points from the overall growth figure. 
- Direct exports sales, accounting for slightly more than half 
of sales in the entire industrial sector, up 24.2 percent in 
real terms, accelerating from a 18.8 percent rise a month ago. 
 
COMMENTARY: 
    ALES MICHL, ANALYST, RAIFFEISENBANK, PRAGUE 
    "The industrial output numbers clearly showed why 
unemployment has been falling. 
    "Strong demand from Germany helped. 
    "Warm weather gave a kick as well to the construction sector 
where output grew by one-third. 
    "In the next five, six years, growth in Czech industrial 
output may be around 7 percent a year. 
 
MARKET REACTION: 
- Crown flat at 27.925 per euro . 
 
BACKGROUND: 
- Feb foreign trade figures................ ......[ID:nL0424065] 
- Report on last Czech c.bank rate decision      [ID:nPRA001222] 
                                 [ID:nL06735130] [ID:nL29598110] 
 
LINKS: 
- For further details on February output and sales numbers and 
past data, Reuters 3000 Xtra users can click on the Czech 
Statistical Bureau's Website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-pru 
 
- For LIVE Czech economic data releases, click on        
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- Czech money guide                                       
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  Keywords: CZECH ECONOMY/INDUSTRY