INSTANT VIEW 1-Dividends boost Czech Aug C/A gap way above fcast

...shortfall since a 
36.5 billion gap in July 2004, data showed on Monday. 
    The 12-month rolling deficit widened to 125.57 billion 
crowns, or 3.9 percent of last year's gross domestic product 
(GDP) according to Reuters calculations, from 102.3 billion 
crowns a month earlier. 
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KEY POINTS: 
(CZK billions)            Aug        July           Aug forecast 
Current Account         -32.65       -8.80          -9.80 
Financial Account        47.20       -4.17           n/a 
Net Direct Investment    11.20       22.04           n/a 
 
 (For full table, double click on..................[nPRA001550] 
 
- The monthly deficit is mainly due to a 37.4 billion crown 
income balance shortfall caused by the outflow of dividends and 
estimated reinvested earnings on direct investments. The monthly 
gap expands from 14.5 billion in July. 
- Foreign direct investment inflows total 11.2 billion crowns, 
which the central bank estimated included about 10.4 bilion 
crowns in reinvested profits. 
- Portfolio investments show a net 20.1 billion crown outflow 
due to equity investments abroad. The net portfolio investment 
outflow total has been gradually rising on an annual basis in 
recent months. 
- Other investment shows a huge 63 billion crown inflow due to a 
significant shift in short-term positions of monetary financial 
institutions towards international markets. 
 
BACKGROUND: 
- Analyst expectations before data release        [ID:nL0256263] 
- Czech August foreign trade figures             [ID:nL08740676] 
- Polish July C/A                                [ID:nL12918443] 
- Slovak July C/A gap                            [ID:nBSD000031] 
- Hungary's Q2 C/A gap                            [ID:nL0716765] 
- Report on last Czech c.bank rate decision      [ID:nL27772602] 
  [ID:nPRA001517] [ID:nPRA001518] [ID:nPRA001533] [ID:n05533999] 
  
LINKS: 
- For further details on August 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                       
 
 

[PRAGUE/Reuters/Finance.cz]