INSTANT VIEW 1-Slovak Q2 GDP +9.2 pct, below forecast

...estimate of 
gross domestic product (GDP) data. 
     
  KEY POINTS  GDP 
                      Q2/07 (estimate)    Q1/07     Q2/07 fcast 
  (pct change y/y)        +9.2            +9.0        +9.4 
     
    - The Statistics Office does not release detailed data in 
its flash GDP estimate.  
    - Second quarter GDP in nominal prices totalled 449.3 
billion crowns ($18.36 billion). 
     
    STATISTICS OFFICE COMMENT: 
    "Gross domestic product growth acceleration was related to 
rising added value in industrial production, mainly in 
production of machines, electric equipment and transportation 
means. On the consumption side, gross domestic product growth 
was influenced mainly by continued foreign demand, along side 
persistent growth in domestic demand." 
     
    CROWN REACTION: 
    The Slovak crown at unmoved by the data, trading at 33.455 
to the euro  as of 0705 GMT. 
     
    BACKGROUND 
    - The Slovak economy has been showing one of the highest 
growth rates in the European Union in the past few years.  
    - GDP growth has been helped by rising car export volumes 
and solid domestic demand as household consumption rises after 
years of belt-tightening reforms.  
    - Investments have also increased in the past year, mainly 
large project such as car factories of French PSA Peugeot 
 and South Korean Kia Motors . 
     
    LINKS:  
- For further details on past data, Reuters 3000 Xtra users can 
click on the Slovak Statistics Office's website: 
http://wwww.statistics.sk/webdata/english/index2_a.htm        
- For LIVE Slovak economic data releases, click on...... 
- Schedule of upcoming indicator releases............ 
- Summary of short-term economic data forecasts...... 
- Stories on Slovak currency moves........................[SKK/] 
- Slovak speed money guide .............................. 
 

[BRATISLAVA/Reuters/Finance.cz]