INSTANT VIEW 1-Slovak Oct trade in surplus, beats forecasts

...billion in 
September, the Statistics Office said on Wednesday. 
*************************************************************** 
  
 KEY POINTS: FOREIGN TRADE       OCT 07         OCT 07 FCAST 
 (SKK bln)  Balance               +2.5             -0.9 
  
 (Full table of data.......................[ID:nBSD000012]) 
     
  The market had expected a trade deficit of -0.9 billion crowns 
in October, according to a Reuters survey of analysts earlier 
this month  . 
- The Statistics Office does not release a detailed breakdown of 
October trade data. 
- The September balance is revised to a surplus of 2.593 billion 
crowns from a previously reported surplus of 4.741 billion 
crowns. 
     
MARKET REACTION: 
    The Slovak crown traded 33.150 to the euro  after 
foreign trade data, unchanged from earlier in the session. The 
unit was at 33.180 per euro late on Tuesday. 
     
BACKGROUND: 
- Slovakia's foreign trade deficit widened in 2006, mainly due 
to rising imports of equipment needed for investment projects 
such as car factories of PSA Peugeot Citroen  and Kia 
Motors . 
- The Statistics Office revised in October full-year 2006 trade 
figures to a deficit of 75.256 billion crowns, from the 
previously reported gap of 93.100 billion. 
- The external balance is improving in 2007 as the new car 
assembly plants boost their export-oriented production. 
- The market treats preliminary monthly trade data with caution 
because of their frequent revisions in following months. 
     
    LINKS: 
- For further details on October foreign trade and other past 
data, Reuters 3000 Xtra users can click on the Slovak Statistics 
Office's website: 
http://portal.statistics.sk/showdoc.do?docid=359 
a- For LIVE Slovak economic data releases, click 
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  (Reporting by Peter Laca and Martin Santa) 
   
 ($1=22.55 Slovak Crown) 
  Keywords: SLOVAKIA ECONOMY/TRADE  
    

[BRATISLAVA/Reuters/Finance.cz]