INDICATORS - Czech Republic - June 6

...INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD 
rate                    2.75 pct        1.75 pct        3.75 pct 
last changed 
 (date of decision)    May 31, 2007    May 31, 2007    May 31,2007 
former rate             2.50 pct        1.50 pct        3.50 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      03/07    02/07    03/06  01-03/07 
 (CZK billions) 
I. CURRENT ACCOUNT              8.26     4.00     3.13     17.75 
 Trade balance                 12.40    13.61     9.12     36.96 
 Balance of services            2.04     1.24     0.62      3.91 
 Income balance                -8.25    -6.68    -7.87    -17.45 
 Current transfers              2.07    -4.17     1.26     -5.68 
II. CAPITAL ACCOUNT             0.46     1.13     0.82      2.64 
III. FINANCIAL ACCOUNT        -17.72     5.18    -6.35    -27.75 
 Net Direct Investment          5.07    13.38     4.03     31.12 
  Czech abroad                 -1.04    -1.57    -1.06     -3.66 
  Into Czech Republic           6.12    14.95     5.09     34.79 
 Net Portfolio Investment      -8.51     1.51    -1.81    -19.83 
  Assets                       -7.53    -7.11    -3.81    -17.95 
  Liabilities                  -0.98     8.62     2.00     -1.88 
 Other Investments            -11.27    -7.61   -10.11    -28.38 
 Change in foreign exchange 
 reserves (minus = growth)     -1.32     1.04    -0.03     -0.81 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS      9.00   -10.31     2.39      7.36 
    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-APR 07    END-MAR 07     END-APR 06 
 (in CZK bln) 
 CNB monetary base         367.6         355.4          316.5 
  currency                 328.7         321.6          294.6 
  bank reserves             38.9          33.8           21.9 
   mandatory reserves       38.6          38.0           34.2 
 
CZECH M2 MONEY SUPPLY      END-APR 07    END-MAR 07   END-APR 06 
 M1 change yr/yr             15.0          14.1         15.1 
 M2 change yr/yr             11.4          10.6          8.9 
 Loans to businesses 
  and households yr/yr       21.0          20.8         20.5 
 M2-M1 (deposits)  yr/yr      7.0           6.5          2.4 
 
CONSUMER INFLATION            APRIL 07     MARCH 07    APRIL 06 
 pct change month/month         0.7          0.3         0.1 
 pct change year/year           2.5          1.9         2.8 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.2 percent. 
 
CZECH UNEMPLOYMENT          APRIL 07     MARCH 07     APRIL 06 
 pct of workforce             6.8          7.3          8.3 
 number of available 
  jobless                   372,764      399,618      454,493 
 total number of jobless    402,932      430,474      486,163 
    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             APRIL 07    MARCH 07   APRIL 06 
 Industrial prices 
  pct change month/month      0.6         0.5        0.3 
  pct change year/year        3.7         3.6        0.5 
 Construction prices 
  pct change month/month      0.2         0.6        0.3 
  pct change year/year        3.6         3.7        2.4 
 Agricultural prices 
  pct change month/month     -0.7         2.0        1.5 
  pct change year/year       12.5        15.0       -1.8 
 Services 
  pct change month/month      0.2         1.1        0.5 
  pct change year/year        1.5         1.8        4.3 
    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-MAY 07    END-APRIL 07    JAN-MAY 06 
 revenue (CZK bln)      378.15         318.22        373.42 
 expenditure            404.13         335.23        385.62 
 balance                -25.98         -17.01        -12.20 
    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              Q1/07      Q4/06     Q1/06     2006      2005 
 Monthly wage (nominal)    20,399     21,947    18,918    20.207    18,992 
  real change y/y (pct)     6.2        4.5       4.1       3.8       3.3 
  nominal change y/y        7.8        6.1       7.0       6.4       5.3 
 Private sector in CZK     20,656     22,015    19,072    20.328    19,055 
  real change y/y (pct)     6.7        5.0       4.4       4.1       3.1 
  nominal change y/y        8.3        6.6       7.3       6.7       5.1 
 Public sector in CZK      19,501     21,712    18,385    19,784    18,777 
  real change y/y (pct)     4.5        2.9       3.0       2.8       3.7 
  nominal change y/y        6.1        4.4       5.9       5.4       5.7 
    NOTE. All data are subject to further revision. 
 
INDUSTRIAL OUTPUT      MAR 07    FEB 07     MAR 06   JAN-MAR 07 
 Real pct change y/y   12.7   13.6(15.4)    17.0      12.4 
 Industrial sales      13.2   15.1(16.8)    18.2      13.4 
 Productivity           9.1   11.2(13.0)    16.7       9.6 
 Monthly wage 
  avg nominal           7.1    6.8 (6.8)     6.6       7.7 
  avg real              5.1    5.2 (5.2)     3.5       6.1 
    NOTE. All data are subject to further revision. Seasonally adjusted 
industrial output was up 2.3 percent month-on-month. 
 
CONSTRUCTION OUTPUT      MAR 07   FEB 07     MAR 06   JAN-MAR 07 
 real pct change y/y     26.4     32.5        8.7      28.9 
 Monthly wage 
  avg nominal            11.0     13.0       17.3      13.1 
  avg real                8.9     11.3       14.1      11.3 
 Productivity 
  y/y change in pct      25.1     32.6        6.5      28.7 
 Construction permits 
  y/y pct chg             3.6      7.7      -13.2       2.6 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output rose a real 1.4 percent over the previous month. 
 
                            MAR 07    FEB 07    MAR 06     JAN-MAR 07 
RETAIL SALES (pct chg y/y)  10.5   10.1 (9.4)    6.5         9.4