Sept 6 (Reuters) - The Czech National Bank (CNB) released the following
second quarter balance of payments data on Thursday:
CZECH BALANCE OF...
...PAYMENTS Q2 2007 Q1 2007 Q2 2006 Q1-Q2 2007
A. CURRENT ACCOUNT (euros mln) -1,520.9 523.5 -1,145.7 -997.4
Trade balance 994.0 1,557.3 502.1 2,551.3
Balance of services 472.9 348.5 395.4 821.4
Income balance -2,754.6 -1,232.0 -1,949.7 -3,986.6
Current transfers -233.2 -150.3 -93.5 -383.5
B. CAPITAL ACCOUNT 8.7 93.5 -54.3 102.2
TOTAL OF A+B -1,512.2 617.0 -1,200.0 -895.2
C. FINANCIAL ACCOUNT 569.5 -23.5 1,061.5 546.0
Net Direct Investment 1,033.4 1,024.2 756.1 2,057.6
Czech abroad -197.2 -165.1 -557.2 -362.3
Into Czech Republic 1,230.6 1,189.3 1,313.3 2,419.9
Net Portfolio Investment -210.2 -700.8 -1,270.6 -911.0
Assets -1,019.7 -615.7 -1,144.1 -1,635.4
Liabilities 809.5 -85.1 -126.5 724.4
Other Investments -646.0 -488.3 1,497.7 -1,134.3
TOTAL OF A+B+C -942.7 593.5 -138.5 -349.2
D. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS 641.1 -564.5 101.6 76.6
TOTAL OF A+B+C+D -301.6 29.0 -36.9 -272.6
E. CHANGE IN FOREIGN EXCHANGE
RESERVES (minus = growth) 301.6 -29.0 36.9 272.6
NOTE. The central bank said that the current account gap in the second
quarter was 3.4 percent of gross domestic product against a revised 3.1 percent
of GDP shortfall in the first quarter of 2007.
Q2 2007 figures were calculated at the exchange rate of 28.266 crowns to the
euro. Q1 2007 figures were calculated at 28.037 to the euro. Q2 2006 data were
calculated at the rate 28.384 crowns to the euro.
All 2007 figures are subject to revision. The 2006 figures are revised.
(Reporting by Mirka Krufova in Prague)
Keywords: CZECH ECONOMY/BOP