INSTANT VIEW 1-Czech Oct C/A gap below fcast at CZK 13.7 bln

...released on 
Wednesday. 
    The 12-month rolling deficit narrowed slightly to 111.8 
billion crowns, or 3.2 percent of this year's estimated gross 
domestic product (GDP) according to Reuters calculations, from a 
revised 119.76 billion crowns a month earlier. 
**************************************************************** 
KEY POINTS: 
(CZK billions)            Oct         Sept          Oct forecast 
Current Account         -13.68        -2.40        -16.4 
Financial Account         5.32        -6.84          n/a 
Net Direct Investment    18.37         3.78          n/a 
 
 (For full table, double click on..................[nPRA001663] 
 
- The monthly deficit is mainly due to a 25.98 billion crown 
income balance shortfall caused by the outflow of dividends and 
estimated reinvested earnings on direct investments. The monthly 
income balance gap rises from 21.16 billion in September. 
- Foreign direct investment inflows total 18.37 billion crowns, 
which the central bank estimated included about 10.8 billion 
crowns in reinvested profits. 
- Portfolio investments show a net 8.16 billion crown inflow due 
to a foreign bond issue by a Czech entity, says the central bank 
without elaborating. 
- Czech power company CEZ  issued five-year Eurobonds 
worth 500 million euros in early October, according to Reuters 
data [ID:nL02416130]. 
 
BACKGROUND: 
- Analyst expectations before data release       [ID:nL28651725] 
- Czech October foreign trade figures             [ID:nL0594409] 
- Polish September C/A                           [ID:nL13706390] 
- Slovak September C/A gap                       [ID:nBSD000060] 
- Hungary's Q2 C/A gap                           [ID:nL28171388] 
- Report on last Czech c.bank rate decision      [ID:nL29206268] 
                                  [ID:nPRA001631] [ID:n29679528] 
  
LINKS: 
- For further details on October 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                       
 
 (Reporting by Marek Petrus; editing by Tony Austin) 
  
 ($1=17.74 Czech Crown) 
  Keywords: CZECH BALANCE/  
    

[PRAGUE/Reuters/Finance.cz]