July 13 (Reuters) - The Czech National Bank (CNB) released
on Friday the following balance of payments data for May:
CZECH BALANCE OF...
...PAYMENTS 05/07 04/07 05/06 01-05/07
(CZK billions)
I. CURRENT ACCOUNT -5.35 -16.79 -1.11 -8.76
Trade balance 9.57 5.55 4.34 57.29
Balance of services 2.37 3.60 3.66 11.23
Income balance -14.84 -23.16 -8.16 -68.66
Current transfers -2.45 -2.77 -0.94 -8.63
II. CAPITAL ACCOUNT -0.01 0.26 -3.49 2.87
III. FINANCIAL ACCOUNT 11.32 6.45 15.85 2.50
Net Direct Investment 11.54 12.52 3.24 50.33
Czech abroad -0.71 -0.74 -12.79 -5.44
Into Czech Republic 12.25 13.26 16.03 55.78
Net Portfolio Investment 1.95 1.09 -17.29 -16.61
Assets -9.22 -7.48 -12.74 -33.97
Liabilities 11.17 8.57 -4.55 17.36
Other Investments -9.66 -9.89 31.36 -44.61
Change in foreign exchange
reserves (minus = growth) 4.81 0.73 -0.29 4.73
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -5.96 10.08 -11.25 3.39
NOTE. Analysts polled by Reuters had forecast a monthly
current account deficit of 9.0 billion crowns ($437.3 million)
for May .
All 2007 figures are subject to revision. The 2006 figures
are revised. The CNB releases the monthly figures according to
ECB methodology.
(Reporting by Mirka Krufova in Prague)
($1=20.58 Czech Crown)
Keywords: CZECH ECONOMY/BALANCE