INSTANT VIEW 1-Czech Q1 real wage growth quickens to 3-yr high

...highlighting a rise in consumer spending power, 
which analysts say may help stoke inflationary pressures. 
     
KEY POINTS: 
(y/y change in pct)    Q1/07    Q4/06      2006      2005 
 real change            6.2   4.5(4.6)   3.8(3.9)  3.3(3.2) 
 nominal change         7.8   6.1(6.2)   6.4(6.5)  5.3(5.2) 
Note. brackets denote previously reported data 
 
 (Full table of Q4 data...........................[nPRA001325]) 
  
- Gross average wage in the first quarter stands at 20,399 
crowns ($967.7). 
- Average seasonally-adjusted nominal gross wage rises 2.0 
percent in the first quarter from the previous three months. 
 
 BACKGROUND: 
- April producer prices figures                  [ID:nL16385917] 
- April consumer inflation figures               [ID:nL10545694] 
                                                 [ID:nL09317767] 
- March industrial output figures                [ID:nL15302934] 
- Report on last Czech c.bank rate decision      [ID:nPRA001319] 
                                 [ID:nL31276683] [ID:nL31320495] 
  
LINKS: 
- For further details on first-quarter wages 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-pmz 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data                 [CZ/INSTANT] 
- Overview of Czech macroeconomic indicators            [CZ/ECI] 
 
- Key data releases in central Europe    [CEE-CONVERGENCE-WATCH] 
- For Czech money markets data click on                 
- Czech money guide                                       
- Czech benchmark state bond prices                    
- Czech forward money market rates                       
 
  
 ($1=21.07 Czech Crown) 
  Keywords: CZECH WAGES/