INSTANT VIEW 1-Czech April C/A gap jumps on dividend payouts

...April, following a revised 8.53 billion 
surplus a month earlier, data showed on Friday. 
    The 12-month rolling deficit narrowed slightly to 112.4 
billion crowns, or 3.2 percent of last year's gross domestic 
product (GDP) according to Reuters' calculations, from revised 
104.6 billion crowns a month earlier. 
 
KEY POINTS: 
(CZK billions)           April       March        April forecast 
Current Account          16.79     8.53  (8.26)     -9.00 
Financial Account         6.45   -17.92(-17.72)      n/a 
Net Direct Investment    12.52     1.55  (5.07)      n/a 
 
 (For full table, double click on..................[nPRA001354] 
 
- The large monthly deficit is mainly due to a 23.16 billion 
crown deficit in the income balance caused by payments of 
dividends and estimated direct investment reinvested earnings. 
- Net foreign direct investment inflows total 12.52 billion 
crowns, which the central bank estimated included about 8.7 
bilion crowns in reinvested profits. 
- Portfolio investments show a net 1.1 billion crown inflow, 
mainly due to equity transactions. 
 
BACKGROUND: 
- Analyst expectations before data release       [ID:nL30315279] 
- Czech April foreign trade figures              [ID:nL06479683] 
- Polish March C/A                               [ID:nL18174753] 
- Slovak March C/A gap                           [ID:nLPRG000366 
- Hungary's Q4 C/A gap                           [ID:nL30184266] 
- Report on last Czech c.bank rate decision      [ID:nPRA001319] 
                                 [ID:nL31276683] [ID:nL31320495] 
 
LINKS: 
- For further details on April of payments numbers and past 
data, Reuters 3000 Xtra users can click on the Czech National 
Bank's website: 
    http://www.cnb.cz/en/statistics/bop_stat/ 
 
- 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=21.46 Czech Crown) 
  Keywords: CZECH ECONOMY/BALANCE