INSTANT VIEW 1-Czechs post CZK 6.92 bln May trade surplus

...following a 2.23 billion surplus in May 
2006. 
 
KEY POINTS: 
(in bln CZK)           May       April         May fcast 
 balance               6.92       3.00         4.8 
(nominal y/y change in pct) 
 exports              12.8       19.7          n/a 
 imports              10.3       16.8          n/a 
 
 (For full table of trade data, click on........[nPRA001384]) 
 
- According to seasonally-adjusted preliminary data, exports fall 
0.6 percent in May from April while imports rise 0.9 percent 
month-on-month. 
- The trade balance improves due to a smaller mineral fuels 
trade deficit and a swing into a surplus in the trade with 
industrial consumer goods. 
- In euro terms, exports rise 12.9 percent and imports by 10.5 
percent year-on-year in May, outpacing the dynamics in local 
currency terms because of a previous firming in the crown. 
 
BACKGROUND: 
- Market expectations before release             [ID:nL02337062] 
- Slovak April trade figures                     [ID:nL11663635] 
- Polish trade in April                          [ID:nL15775121] 
- Hungary's April trade data                     [ID:nBUD002034] 
- Report on last Czech c.bank rate decision      [ID:nPRG000403] 
                                                 [ID:nL28398864] 
 
- For further details on May foreign trade and other past data, 
Reuters 3000 Xtra users can click on the Czech Statistical 
Bureau's website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-vzo 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data click on        [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