INDICATORS - Czech Republic - June 15

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KEY 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)             Q1/07    Q4/06    Q1/06    2006 
 Real change yr/yr              6.1      6.1      6.6      6.4 
 Final consumption              4.7      4.6      3.8      3.4 
  Household                     6.7      5.4      3.8      4.4 
  Government                    0.4      2.4      3.8      1.1 
 Gross capital formation       13.4     10.2      7.5     11.7 
  fixed capital formation       1.5      8.1      6.8      7.6 
 Foreign trade balance          n/a      n/a      n/a      n/a 
  exports of goods             16.7     19.2     21.8     16.9 
  export of services           -1.3      3.2     17.9      9.1 
  imports of goods             17.9     19.0     18.7     15.6 
  imports of services           5.1      4.4     27.8     12 8 
    NOTE. In the first quarter, GDP totalled 816.1 billion crowns in nominal 
terms. All data from previous quarters are revised. 
 
CZECH BALANCE OF PAYMENTS      04/07    03/07    04/06  01-04/07 
 (CZK billions) 
I. CURRENT ACCOUNT            -16.79     8.53    -8.95     -3.40 
 Trade balance                  5.55    15.33     0.45     47.72 
 Balance of services            3.60     2.34     3.93      8.87 
 Income balance               -23.16   -11.08   -12.60    -53.82 
 Current transfers             -2.77     1.94    -0.73     -6.18 
II. CAPITAL ACCOUNT             0.26     0.43     0.49      2.88 
III. FINANCIAL ACCOUNT          6.45   -17.92     0.61     -8.82 
 Net Direct Investment         12.52     1.55    12.08     38.79 
  Czech abroad                 -0.74    -1.13    -0.78     -4.74 
  Into Czech Republic          13.26     2.69    12.86     43.53 
 Net Portfolio Investment       1.09    -6.90   -21.58    -18.56 
  Assets                       -7.48    -6.50   -18.77    -24.75 
  Liabilities                   8.57    -0.40    -2.81      6.19 
 Other Investments             -9.89    -9.55   -10.33    -34.95 
 Change in foreign exchange 
 reserves (minus = growth)      0.73    -1.32     0.45     -0.09 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS     10.08     8.97     7.85      9.35 
    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-MAY 07    END-APRIL 07    END-MAY 06 
 euro bln                23.371         23.577         23.890 
 $ bln                   31.445         32.076         30.750 
 CZK bln                661.980        663.110        673.830 
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
50 million euros in spot foreign exchange market operations in April. It sold 
foreign currency worth 85.95 million euros in client operations in April. 
  
MONETARY BASE            END-MAY 07    END-APR 07     END-MAY 06 
 (in CZK bln) 
 CNB monetary base         396.4         367.6          328.2 
  currency                 331.6         328.7          294.5 
  bank reserves             64.9          38.9           33.7 
   mandatory reserves       38.8          38.6           34.1 
 
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             MAY 07      APRIL 07     MAY 06 
 pct change month/month         0.4          0.7         0.5 
 pct change year/year           2.4          2.5         3.1 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.1 percent. 
 
CZECH UNEMPLOYMENT           MAY 2007    APRIL 07      MAY 06 
 pct of workforce             6.4          6.8          7.9 
 number of available 
  jobless                   353,604      372,764      431,725 
 total number of jobless    382,599      402,932      463,042 
    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              MAY 07     APRIL 07    MAY 06 
 Industrial prices 
  pct change month/month      0.6         0.6        0.3 
  pct change year/year        4.1         3.7        1.5 
 Construction prices 
  pct change month/month      0.3         0.2        0.4 
  pct change year/year        3.5         3.6        2.7 
 Agricultural prices 
  pct change month/month      0.3        -0.7        0.6 
  pct change year/year       12.1        12.5        0.2 
 Services 
  pct change month/month      0.4         0.2       -0.1 
  pct change year/year        2.0         1.5        4.0 
    NOTE. All 2007 data are subject to further revision. 
 
FOREIGN TRADE    APRIL 07    MARCH 07    APRIL 06   JAN-APRIL 07 
 (in bln CZK) 
 exports          193.75  216.60(213.57)  161.83       792.40 
 imports          190.74  204.02(201.17)  163.25       754.86 
 balance            3.00   12.59 (12.40)   -1.43        37.53 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   19.7    14.5  (13.0)     n/a         17.4 
 nominal imports   16.8    13.2  (11.8)     n/a         16.0 
    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      APR 07    MAR 07     APR 06   JAN-APR 07 
 Real pct change y/y   14.0   11.0(12.7)     3.5      12.2 
 Industrial sales      14.4   11.8(13.2)     3.2      13.1 
 Productivity          10.8    8.3 (9.1)     2.1       9.7 
 Monthly wage 
  avg nominal           8.8    7.6 (7.1)     5.4       8.2 
  avg real              6.1    5.6 (5.1)     2.3       6.3 
    NOTE. Brackets denote previously reported data. All data are subject to 
further revision. Seasonally adjusted industrial output was down 0.5 percent 
month-on-month. 
 
CONSTRUCTION OUTPUT      APR 07    MAR 07    APR 06   JAN-APR 07 
 real pct change y/y     17.6    26.4(26.4)  -3.0      25.1 
 Monthly wage 
  avg nominal            11.2    10.9(11.0)   1.7      12.5 
  avg real                8.5     8.8 (8.9)  -1.0      10.5 
 Productivity 
  y/y change in pct      17.7    24.1(25.1)  -3.0      24.6 
 Construction permits 
  y/y pct chg            -8.1     3.6 (3.6) -10.8      -0.3 
    NOTE. All figures are subject to further revision. Brackets denote 
previously reported data. Seasonally-adjusted construction output dipped 1.2 
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