INSTANT VIEW 1-Czech Q2 C/A deficit at 3.4 pct/GDP

...first quarter surplus of 523.5 million 
euros, data released by the central bank showed on Thursday. 
    The rolling 12-month deficit widened a touch to 3.4 percent 
of gross domestic product (GDP) from a 3.1 percent in the first 
quarter of this year, according to central bank estimates. 
    Its preliminary data released in June put the deficit at 3.2 
percent of GDP at the end of the first quarter. 
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KEY POINTS: 
(euros mln)                   Q2 2007     Q1-Q2 2007 
Current Account               -1,520.9      -997.4 
Financial Account                569.5       546.0 
Net Direct Investment          1,033.4     2,057.6 
 
 (Full balance of payments table...................[nPRA001481] 
 
- The quarterly figures are calculated under IMF methodology and 
merely update and detail more closely-watched monthly data 
 that have already been reported for the period, 
albeit under slightly different methodology used by the European 
Central Bank (ECB). 
- The deficit was mainly affected by a 77.9 billion crown ($3.83 
billion) gap in the balance of income, which reflects dividend 
outflows and reinvested profits of foreign-owned companies 
operating in the Czech Republic. 
  
 BACKGROUND: 
- For monthly balance of payments data, click on [ID:nL13322751] 
- July foreign trade figures                     [ID:nL04578891] 
- Report on last Czech c.bank rate decision      [ID:nL30781459] 
                                                  [ID:nL3044281] 
 
LINKS: 
- For further details on second quarter balance 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