INDICATORS - Czech Republic - July 11

...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-JUNE 07    END-MAY 07     END-JUNE 06 
 euro bln                23.097         23.370         23.921 
 $ bln                   31.199         31.444         30.412 
 CZK bln                663.229        661.967        681.626 
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
90 million euros in spot foreign exchange market operations in May. It sold 
foreign currency worth 41 million euros in client operations in May. 
  
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-MAY 07    END-APR 07   END-MAY 06 
 M1 change yr/yr             15.3          15.1         15.2 
 M2 change yr/yr             12.1          11.4          7.8 
 Loans to businesses 
  and households yr/yr       21.0          21.0         21.2 
 M2-M1 (deposits)  yr/yr      8.0           7.0         -0.4 
 
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