INDICATORS - Czech Republic - June 25

...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