INDICATORS - Czech Republic - Dec 21

...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)              Q3/07     Q2/07     Q3/06 
 Real change yr/yr               6.0       6.3       6.3 
 Final consumption               3.7       4.2       2.8 
  Household                      5.6       6.0       5.0 
  Government                    -0.4       0.2      -2.2 
 Gross capital formation         9.4      10.2      13.5 
  fixed capital formation        5.7       6.0       5.2 
 Foreign trade balance           n/a       n/a       n/a 
  exports of goods              15.2      14.4      12.9 
  export of services            11.9       7.7       1.9 
  imports of goods              14.7      14.6      11.9 
  imports of services           10.2       4.2       2.3 
    NOTE. In the third quarter, GDP totalled 900.0 billion crowns in nominal 
terms. 
 
CZECH BALANCE OF PAYMENTS      10/07    09/07    10/06  01-10/07 
 (CZK billions) 
I. CURRENT ACCOUNT            -13.68    -2.40   -21.67    -87.62 
 Trade balance                 11.80    16.61     7.68    102.51 
 Balance of services            4.14     4.81     2.01     41.85 
 Income balance               -25.98   -21.16   -28.04   -212.52 
 Current transfers             -3.63    -2.66    -3.33    -19.47 
II. CAPITAL ACCOUNT             2.30     0.03     0.68      8.66 
III. FINANCIAL ACCOUNT          5.32    -6.84    24.00     66.72 
 Net Direct Investment         18.37     3.78    11.68    120.39 
  Czech abroad                 -0.79    -3.18     0.07    -17.33 
  Into Czech Republic          19.15     6.95    11.60    137.72 
 Net Portfolio Investment       8.16    -9.27    19.93    -57.73 
  Assets                      -17.39   -10.74     5.79    -93.57 
  Liabilities                  25.55     1.47    14.14     35.84 
 Other Investments            -18.03     0.13    -8.00      1.44 
 Change in foreign exchange 
 reserves (minus = growth)     -0.59    -0.99     0.48      1.88 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS      6.06     9.21    -3.01     12.24 
    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-NOV 07     END-OCT 07     END-NOV 06 
 euro bln                23.364         23.083         23.904 
 $ bln                   34.491         33.347         31.559 
 CZK bln                613.533        622.549        688.603 
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
69 million euros in spot foreign exchange market operations in October. It 
bought foreign currency worth 37.52 million euros in client operations in 
October. 
  
CZECH M2 MONEY SUPPLY      END-OCT 07   END-SEPT 07   END-OCT 06 
 M1 change yr/yr             13.6          13.2         16.4 
 M2 change yr/yr             10.6          11.0          9.9 
 Loans to businesses 
  and households yr/yr       24.9          24.2         20.1 
 M2-M1 (deposits)  yr/yr      6.5           8.1          2.1 
 
CONSUMER INFLATION             NOV 07       OCT 07      NOV 06 
 pct change month/month         0.9          0.6        -0.1 
 pct change year/year           5.0          4.0         1.5 
  NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.5 percent. 
   
CZECH UNEMPLOYMENT           NOV 07       OCT 07       NOV 06 
 pct of workforce             5.6          5.8          7.3 
 number of available 
  jobless                   312,558      320,640      400,044 
 total number of jobless    341,438      348,842      432,573 
    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              NOV 07      OCT 07     NOV 06 
 Industrial prices 
  pct change month/month      0.7         0.4       -0.2 
  pct change year/year        5.4         4.4        2.0 
 Construction prices 
  pct change month/month      0.3         0.4        0.2 
  pct change year/year        4.4         4.3        3.3 
 Agricultural prices 
  pct change month/month      3.3         5.9        1.3 
  pct change year/year       26.9        24.4        5.8 
 Services 
  pct change month/month     -0.1         0.5        0.0 
  pct change year/year        1.9         2.0        3.0 
    NOTE. All 2007 data are subject to further revision. 
 
FOREIGN TRADE     OCT 07     SEPT 07       OCT 06     JAN-OCT 07 
 (in bln CZK) 
 exports          238.36   212.47(210.06)  209.84     2,053.88 
 imports          229.75   198.54(195.69)  205.98     1,978.06 
 balance            8.61    13.93 (14.37)    3.85        75.83 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   13.6     12.3  (11.0)    23.1         16.4 
 nominal imports   11.5      9.2   (7.6)    22.8         14.6 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET    JAN-NOV 07     JAN-OCT 07    JAN-NOV 06 
 revenue (CZK bln)      908.23         835.37        821.23 
 expenditure            895.46         808.17        852.15 
 balance                 12.77          27.20        -30.92 
    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      OCT 07   SEPT 07     OCT 06   JAN-OCT 07 
 Real pct change y/y    8.4    1.3 (1.2)    12.6        8.9 
 Industrial sales       9.3    3.3 (3.3)    13.8       10.1 
 Productivity           7.4    1.6 (1.2)    13.3        7.3 
 Monthly wage 
  avg nominal           9.3    6.2 (5.9)     7.6        7.8 
  avg real              5.1    3.3 (3.0)     6.2        5.3 
    NOTE. All data are subject to further revision. Seasonally adjusted 
industrial output was up 2.0 percent month-on-month. 
 
CONSTRUCTION OUTPUT      OCT 07   SEPT 07    OCT 06  JAN-OCT 07 
 real pct change y/y      3.5   -1.9 (-1.8)   7.2       6.8 
 Monthly wage 
  avg nominal             8.6    4.7  (4.8)   9.3       8.8 
  avg real                4.4    1.8  (1.9)   7.9       6.3 
 Productivity 
  y/y change in pct       5.5   -0 3  (0.0)   6.4       7.3 
 Construction permits 
  y/y pct chg           -18.6  -14.0(-14.0)   3.6     -12.3 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output rose 0.9 percent over the previous month. 
 
                            OCT 07   SEP 07   OCT 06  JAN-OCT 07 
RETAIL SALES (pct chg y/y)   9.4    4.1(4.3)   8.9      8.2 
 
  
 (Editing by Mirka Krufova)