INSTANT VIEW 1-Czech Q3 GDP grows 6 pct, slightly above forecast

...percent growth 
in the second quarter. 
    The Czech expansion lagged the boom in neighbouring 
Slovakia, which posted 9.4 percent growth in July-September, as 
well as 6.4 percent growth in northern neighbour Poland. 
    However, the Czech economy outpaced the region's laggard 
Hungary, which reported 0.9 percent growth. 
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KEY POINTS: 
(pct change)        Q3/07     Q2/07       Fcast Q3 
 year/year           6.0    6.3 (6.0)      5.8 
 NOTE. GDP up 1.4 percent quarter-on-quarter when adjusted for 
seasonal factors and the difference in working days. 
 
 CENTRAL BANK FORECAST: 5.9-6.3 percent GDP growth envisaged by 
its most recent projection unveiled in October. 
 
 (For full table of Q3 GDP data...................[nPRA001651]) 
 
- The third quarter marked the 10th consecutive quarter of GDP 
growth of 6 percent or more. 
- Growth is driven by a 5.6 percent rise household consumption, 
and a 5.7 percent increase in gross fixed capital formation -- 
or investments. 
- Consumers spend most food, tobacco, holidays, and cars, 
statistics office says. 
 
BACKGROUND: 
- For story on analysts' expectations before the data release, 
double click on                                [ID:nL28651725] 
- Slovak Q3 GDP                                [ID:nL30212952] 
- Poland's Q3 GDP                              [ID:nL30323616] 
- Hungary's Q3 GDP                             [ID:nBUD002267] 
 
LINKS: 
- For further details on third 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                       
 
 (Reporting by Marek Petrus) 
  
  Keywords: CZECH ECONOMY/GDP  
    

[PRAGUE/Reuters/Finance.cz]