INSTANT VIEW 1-Czech Q2 GDP up 6.0 pct, in line with fcast

...matching market expectations. 
    The Czech expansion lagged the boom in neighbouring 
Slovakia, which posted 9.4 percent growth in April-June, and the 
6.7 percent growth in northern neighbour Poland. 
    The Czech economy outpaced Hungary, which reported a 1.2 
percent growth. 
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KEY POINTS: 
(pct change)        Q2/07     Q1/07       Fcast Q2 
 year/year           6.0    6.4 (6.1)      6.0 
 NOTE. GDP up 1.4 percent quarter-on-quarter when adjusted for 
seasonal factors and the difference in working days. 
 
 CENTRAL BANK FORECAST: 6.0-6.4 percent GDP growth envisaged by 
its most recent projection unveiled in July. 
 
 (For full table of Q2 GDP data...................[nPRA001484]) 
 
- Growth is driven by a 6.5 percent rise household consumption. 
- Consumers take advantage of a rise in disposable incomes to 
spend on cars, food, household equipment and holidays, 
statistics office says. 
- Gross fixed capital formation -- or investments -- rises 4.2 
percent. 
- Manufacturing, trade and corporate services are the leading 
sectors in GDP creation. 
  
BACKGROUND: 
- For story on analysts' expectations before the data release, 
double click on                                [ID:nL29913786] 
- Slovak Q2 GDP                                [ID:nL04124686] 
- Poland's Q2 GDP                              [ID:nL31266032] 
- Hungary's Q1 GDP                             [ID:nBUD00xxxx] 
 
LINKS: 
- For further details on second quarter GDP and past data, 
Reuters 3000 Xtra users can click on the Czech Statistical 
Bureau's website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-hdp 
 
- 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