INDICATORS - Czech Republic - May 9

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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 
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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      02/07    01/07    02/06  01-02/07 
 (CZK billions) 
I. CURRENT ACCOUNT              4.00     5.49    -0.61      9.49 
 Trade balance                 13.61    10.96     4.84     24.56 
 Balance of services            1.24     0.64     0.09      1.87 
 Income balance                -6.68    -2.52    -6.09     -9.20 
 Current transfers             -4.17    -3.58     0.56     -7.75 
II. CAPITAL ACCOUNT             1.13     1.05     0.30      2.17 
III. FINANCIAL ACCOUNT          5.18   -15.21     6.08    -10.03 
 Net Direct Investment         13.38    12.67    -4.16     26.05 
  Czech abroad                 -1.57    -1.05    -0.85     -2.62 
  Into Czech Republic          14.95    13.73    -3.31     28.67 
 Net Portfolio Investment       1.51   -12.82    -3.85    -11.32 
  Assets                       -7.11    -3.31    -3.18    -10.42 
  Liabilities                   8.62    -9.52    -0.67     -0.90 
 Other Investments             -7.61    -9.50    17.79    -17.11 
 Change in foreign exchange 
 reserves (minus = growth)      1.04    -0.53    -4.59      0.51 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS    -10.31     8.67    -5.77     -1.64 
    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-APRIL 07   END-MARCH 07   END-APRIL 06 
 euro bln                23.568         23.826         24.160 
 $ bln                   32.064         31.734         30.288 
 CZK bln                662.862        667.138        686.872 
  
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
50 million euros in spot foreign exchange market operations in March. It bought 
foreign currency worth 214.90 million euros in client operations in March. 
  
MONETARY BASE            END-MAR 07    END-FEB 07     END-MAR 06 
 (in CZK bln) 
 CNB monetary base         355.4         354.7          311.0 
  currency                 321.6         317.6          287.6 
  bank reserves             33.8          37.1           23.3 
   mandatory reserves       38.0          37.1           33.8 
 
CZECH M2 MONEY SUPPLY      END-MAR 07    END-FEB 07   END-MAR 06 
 M1 change yr/yr             14.1          14.9         11.6 
 M2 change yr/yr             10.6          10.6          8.9 
 Loans to businesses 
  and households yr/yr       20.8          20.3         19.9 
 M2-M1 (deposits)  yr/yr      6.5           5.5          5.8 
 
CONSUMER INFLATION            MARCH 07      FEB 07     MARCH 06 
 pct change month/month         0.3          0.3        -0.1 
 pct change year/year           1.9          1.5         2.8 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.2 percent. 
 
CZECH UNEMPLOYMENT          MARCH 07      FEB 07      MARCH 06 
 pct of workforce             7.3          7.7          8.8 
 number of available 
  jobless                   399,618      422,944      479,984 
 total number of jobless    430,474      454,737      514,759 
    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             MARCH 07     FEB 07    MARC  06 
 Industrial prices 
  pct change month/month      0.5         0.5        0.1 
  pct change year/year        3.6         3.2        0.3 
 Construction prices 
  pct change month/month      0.6         0.2        0.1 
  pct change year/year        3.7         3.2        2.3 
 Agricultural prices 
  pct change month/month      2.0         0.6        0.2 
  pct change year/year       15.0        13.0       -3.6 
 Services 
  pct change month/month      1.1         0.7        0.7 
  pct change year/year        1.8         1.5        3.9 
    NOTE. All 2007 data are subject to further revision. 
 
FOREIGN TRADE    MARCH 07     FEB 07     MARCH 06   JAN-MARCH 07 
 (in bln CZK) 
 exports          213.57      190.70      188.98       590.98 
 imports          201.17      177.09      179.87       554.02 
 balance           12.40       13.61        9.12        36.96 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   13.0        19.5        22.3         15.3 
 nominal imports   11.8        14.5        21.7         13.8 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET   JAN-APRIL 07   END-MARCH 07   JAN-APRIL 06 
 revenue (CZK bln)      318.22         241.98        299.66 
 expenditure            335.23         230.72        319.61 
 balance                -17.01          11.26        -19.95 
    NOTE. The 2007 budget was approved by parliament with a gap of 91.3 billion 
crowns. 
 
GOVERNMENT DEBT         MARCH 07    DEC 06   SEPT 06    MARCH 06 
 (CZK bln) 
 total                   811.7      802.5     746.3      698.2 
 average maturity 
 (in years)                6.5        6.2       5.9        6.2 
   marketable debt       774.4      765.0     711.3      667.4 
   modified duration 
   (in years)              4.1        4.0       3.8        3.8 
    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      FEB 07    JAN 07     FEB 06   JAN-FEB 07 
 Real pct change y/y   15.4    10.7 (9.8)   11.6      13.0 
 Industrial sales      16.8    11.9(11.0)   11.6      14.3 
 Productivity          13.0     8.4 (7.8)   10.0      10.6 
 Monthly wage 
  avg nominal           6.8     9.1 (9.2)    6.1       8.0 
  avg real              5.2     7.7 (7.8)    3.0       6.5 
    NOTE. All data are subject to further revision. Seasonally adjusted 
industrial output was up 1.9 percent month-on-month. 
 
CONSTRUCTION OUTPUT      FEB 07   JAN 07     FEB 06   JAN-FEB 07 
 real pct change y/y     32.5     29.2       -8.2      31.0 
 Monthly wage 
  avg nominal            13.0     15.5       -4.5      14.3 
  avg real               11.3     14.0       -7.1      12.7 
 Productivity 
  y/y change in pct      32.6     29.4      -11.2      31.1 
 Construction permits 
  y/y pct chg             7.7     -2.8       -5.9       2.1 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output rose a real 2.6 percent over the previous month. 
 
                            FEB 07    JAN 07    FEB 06     JAN-FEB 07 
RETAIL SALES (pct chg y/y)   9.4    7.6 (7.7)    7.4         8.5