INDICATORS - Czech Republic - Nov 29

...INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD 
rate                    3.50 pct        2.50 pct        4.50 pct 
last changed 
 (date of decision)    Nov 29, 2007    Nov 29, 2007    Nov 29, 2007 
former rate             3.25 pct        2.25 pct        4.25 pct 
=============================================================================== 
CZECH GDP (in pct)              Q2/07     Q1/07     Q2/06 
 Real change yr/yr               6.0       6.4       6.5 
 Final consumption               3.9       4.9       2.7 
  Household                      6.5       7.2       4.1 
  Government                    -1.6       0.2      -0.5 
 Gross capital formation        10.3      11.1      15.0 
  fixed capital formation        4.2       4.0       7.5 
 Foreign trade balance           n/a       n/a       n/a 
  exports of goods              15.1      16.8      13.4 
  export of services             4.9       4.1      10.3 
  imports of goods              14.9      17.6      12.4 
  imports of services            6.5       4.1      15.0 
    NOTE. In the second quarter, GDP totalled 899.7 billion crowns in nominal 
terms. 
 
CZECH BALANCE OF PAYMENTS      09/07    08/07    09/06  01-09/07 
 (CZK billions) 
I. CURRENT ACCOUNT             -5.82   -32.65   -10.00    -75.59 
 Trade balance                 17.00     1.95    10.15     92.66 
 Balance of services            4.18     2.85     3.87     35.54 
 Income balance               -24.48   -37.43   -20.03   -188.85 
 Current transfers             -2.52    -0.03    -3.99    -14.94 
II. CAPITAL ACCOUNT             0.03     0.84     0.51      6.36 
III. FINANCIAL ACCOUNT          9.50    47.20    10.28     75.68 
 Net Direct Investment         11.82    11.20    11.81    102.99 
  Czech abroad                 -0.47    -4.47    -0.93    -15.91 
  Into Czech Republic          12.29    15.67    12.74    118.90 
 Net Portfolio Investment      -9.27   -20.06     2.91    -66.36 
  Assets                      -10.74   -14.04     0.06    -76.18 
  Liabilities                   1.47    -6.02     2.85      9.81 
 Other Investments              8.43    63.05    -6.11     33.26 
 Change in foreign exchange 
 reserves (minus = growth)     -0.99    -3.66    -0.45      2.47 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS     -3.71   -15.39    -0.79     -6.46 
    NOTE. All 2007 figures are subject to revision. The 2006 figures are 
revised. The CNB releases the monthly figures according to ECB methodology. 
  
CZECH FOREX RESERVES    END-OCT 07    END-SEPT 07     END-OCT 06 
 euro bln                23.084         23.183         24.253 
 $ bln                   33.349         32.866         30.792 
 CZK bln                622.584        639.969        684.422 
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
57 million euros in spot foreign exchange market operations in September. It 
sold foreign currency worth 34.31 million euros in client operations in 
September. 
  
MONETARY BASE            END-OCT 07   END-SEPT 07     END-OCT 06 
 (in CZK bln) 
 CNB monetary base         381.9         384.8          341.7 
  currency                 339.7         341.3          308.1 
  bank reserves             42.2          43.5           33.5 
   mandatory reserves       41.9          41.1           36.7 
 
CZECH M2 MONEY SUPPLY     END-SEPT 07    END-AUG 07  END-SEPT 06 
 M1 change yr/yr             13.2          12.8         16.3 
 M2 change yr/yr             11.0          11.4          9.2 
 Loans to businesses 
  and households yr/yr       24.3          23.7         20.4 
 M2-M1 (deposits)  yr/yr      8.2           9.5          1.1 
 
CONSUMER INFLATION             OCT 07      SEPT 07      OCT 06 
 pct change month/month         0.6         -0.3        -0.5 
 pct change year/year           4.0          2.8         1.3 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.2 percent. 
 
CZECH UNEMPLOYMENT           OCT 07      SEPT 07       OCT 06 
 pct of workforce             5.8          6.2          7.4 
 number of available 
  jobless                   320,640      340,371      408,277 
 total number of jobless    348,842      364,978      439,788 
    NOTE. The number of available jobless shows how many people registered as 
unemployed by labour offices are able to start work shortly. The total number of 
jobless is for all jobless registered by labour offices. 
 
PRODUCER PRICES              OCT 07     SEPT 07     OCT 06 
 Industrial prices 
  pct change month/month      0.4         0.1        0.0 
  pct change year/year        4.4         4.0        1.9 
 Construction prices 
  pct change month/month      0.4         0.5        0.2 
  pct change year/year        4.3         3.6        3.2 
 Agricultural prices 
  pct change month/month      5.9         4.3        0.5 
  pct change year/year       24.4        18.1        4.3 
 Services 
  pct change month/month      0.5         0.9        0.1 
  pct change year/year        2.0         1.6        3.0 
    NOTE. All 2007 data are subject to further revision. 
 
FOREIGN TRADE     SEPT 07     AUG 07       SEPT 06   JAN-SEPT 07 
 (in bln CZK) 
 exports          210.06      186.35       189.20     1,802.48 
 imports          195.69      186.94       181.82     1,733.03 
 balance           14.37       -0.59         7.38        69.45 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   11.0        12.1         11.7         15.9 
 nominal imports    7.6        11.7         10.8         14.0 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET    JAN-OCT 07     JAN-SEPT 07   JAN-OCT 06 
 revenue (CZK bln)      835.37         748.52        748.76 
 expenditure            808.17         712.21        761.43 
 balance                 27.20          36.32        -12.67 
    NOTE. The 2007 budget was approved by parliament with a gap of 91.3 billion 
crowns but the finance ministry has forecast the end-year result would be a 
deficit of around 81 billion crowns thanks to better than expected tax 
collection. 
 
GOVERNMENT DEBT         SEPT 07    JUNE 07   MARCH 07   SEPT 06 
 (CZK bln) 
 total                   842.7      856.1     811.7      746.3 
 average maturity 
 (in years)                6.5        6.4       6.5        5.9 
   marketable debt       803.3      817.0     774.4      711.3 
   modified duration 
   (in years)              4.1        4.0       4.1        3.8 
    NOTE. Data show levels as of the end of the period listed. The modified 
duration figure stands for marketable debt only and includes the Finance 
Ministry's interest rate swap transactions. Average maturity was within the 
ministry's target of 6.0-7.0 years. 
 
CZECH AVG WAGE              Q3/07     Q2/07     Q3/06   Q1-Q3/07  Q1-Q3/06 
 Monthly wage (nominal)    21,470    21,472    19,954    21,119    19,621 
  real change y/y (pct)     5.0       5.0       2.9       5.3       3.5 
  nominal change y/y        7.6       7.5       5.9       7.6       6.5 
 Private sector in CZK     21,612    21,684    20,085    21,322    19,761 
  real change y/y (pct)     5.0       5.3       3.1       5.6       3.7 
  nominal change y/y        7.6       7.8       6.1       7.9       6.7 
 Public sector in CZK      20,952    20,724    19,486    20,397    19,130 
  real change y/y (pct)     4.9       3.7       2.4       4.3       2.7 
  nominal change y/y        7.5       6.2       5.4       6.6       5.7 
    NOTE. All data are subject to further revision. 
 
INDUSTRIAL OUTPUT     SEPT 07    AUG 07    SEPT 06   JAN-SEPT 07 
 Real pct change y/y    1.2       5.5        5.4        8.9 
 Industrial sales       3.3       7.0        5.7       10.2 
 Productivity           1.2       4.7        4.6        7.1 
 Monthly wage 
  avg nominal           5.9       7.2        4.7        7.7 
  avg real              3.0       4.7        1.9        5.4 
    NOTE. All data are subject to further revision. Seasonally adjusted 
industrial output was flat. 
 
CONSTRUCTION OUTPUT     SEPT 07    AUG 07   SEPT 06  JAN-SEPT 07 
 real pct change y/y     -1.8       3.3       4.2       7.4 
 Monthly wage 
  avg nominal             4.8       7.5       6.8       8.9 
  avg real                1.9       5.0       4.1       6.6 
 Productivity 
  y/y change in pct       0.0       5.1       5.0       7.9 
 Construction permits 
  y/y pct chg           -14.0     -17.0      -6.8     -11.4 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output dipped 0.6 percent over the previous month. 
 
                            SEP 07   AUG 07   SEP 06  JAN-SEP 07 
RETAIL SALES (pct chg y/y)   4.3      7.3      4.9      8.1 
 
  
 (Editing by Mirka Krufova)