INSTANT VIEW 1-Czech June C/A gap swells less than mkt expected

...deficit a 
month earlier, data showed on Monday. 
    The 12-month rolling deficit narrowed slightly to 107.5 
billion crowns, or 3.3 percent of last year's gross domestic 
product (GDP) according to Reuters calculations, from 116.7 
billion crowns a month earlier. 
**************************************************************** 
KEY POINTS: 
(CZK billions)           June         May          June forecast 
Current Account         -13.33       -5.35         -20.00 
Financial Account        11.00       11.32           n/a 
Net Direct Investment     9.58       11.54           n/a 
 
 (For full table, double click on..................[nPRA001437] 
    NOTE. Analysts polled by Reuters had forecast a monthly 
current account deficit of 20.0 billion crowns ($974.6 million) 
for June  . 
 
- The monthly deficit is mainly due to a 27.6 billion crown 
income balance shortfall caused by payments of dividends and 
estimated reinvested earnings on direct investments. The monthly 
gap shrinks from 14.8 billion in May. 
- Foreign direct investment inflows total 11 billion crowns, 
which the central bank estimated included about 9.6 bilion 
crowns in reinvested profits. 
- Portfolio investments show a net 9.4 billion crown outflow. 
The 12-month cummulative outflows have been gradually declining. 
 
BACKGROUND: 
- Analyst expectations before data release       [ID:nL01772578] 
- Czech June foreign trade figures               [ID:nL07596428] 
- Polish May C/A                                 [ID:nL13869912] 
- Slovak May C/A gap                             [ID:nPRG000439] 
- Hungary's Q1 C/A gap                           [ID:nL29295028] 
- Report on last Czech c.bank rate decision      [ID:nPRA001407] 
 [ID:nPRA001420] [ID:nL03817639] [ID:nL26800751] [ID:nL03732730] 
 
LINKS: 
- For further details on June of payments numbers and past data, 
Reuters 3000 Xtra users can click on the Czech National Bank's 
website: 
    http://www.cnb.cz/en/statistics/bop_stat/ 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data                 [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                       
 
 

[PRAGUE/Reuters/Finance.cz]