INSTANT VIEW 1-Czech Aug trade balance stays in red, lags fcast

...versus a 1.1 
billion deficit in August 2006. 
************************************************************** 
KEY POINTS: 
(in bln CZK)           Aug        July         Aug fcast 
 balance              -0.59       -0.73         1.1 
(nominal y/y change in pct) 
 exports              12.1        20.7          n/a 
 imports              11.7        18.7          n/a 
 
 (For full table of trade data, click on........[nPRA001536]) 
 
- Export growth is weakest since September 2006, while the rise 
in imports is the slowest since May 2007. 
- According to seasonally-adjusted preliminary data, exports 
fell 5.0 percent in August from July while imports dropped 1.2 
percent percent month-on-month. 
- The trade balance improved year-on-year thanks to better 
results in trade with raw materials, mineral fuels and 
foodstuffs and livestock. 
- The surplus in machinery and transport equipment, mainly cars, 
shrank by 1.4 billion crowns year-on-year. 
- In euro terms, exports rose 13.4 percent and imports by 13.0 
percent year-on-year in August, outpacing the rise in local 
currency terms because of a strengthening in the crown. 
 
BACKGROUND: 
- Market expectations before release              [ID:nL0256263] 
- Slovak July trade figures                       [ID:nL11562391 
- Polish trade in July                           [ID:nWAR006055] 
- Report on last Czech c.bank rate decision      [ID:nL27772602] 
  [ID:nPRA001517] [ID:nPRA001518] [ID:nPRA001533] [ID:n05533999] 
 
- For further details on August foreign trade and other past 
data, Reuters 3000 Xtra users can click on the Czech Statistical 
Bureau's website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-vzo 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data click on        [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]