...INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD rate 1.25 pct 0.25 pct 2.25 pct last changed (date of decision) Aug 06, 2009 Aug 06, 2009 Aug 06, 2009 former rate 1.50 pct 0.50 pct 2.50 pct =============================================================================== CZECH GDP (in pct) Q2/Q1 Q1/Q4 Q209/Q208 Q109/Q108
Real change 0.1 -4.8 -5.5 -4.5 Final consumption 0.2 0.5 1.9 2.6 Household 0.3 0.4 1.6 1.8 Government -0.2 0.8 2.7 4.3 Gross capital formation -8.7 -23.5 -24.9 -18.1 fixed capital formation -1.2 -3.9 -7.2 -7.5 Foreign trade Exports 1.1 -7.3 -16.6 -19.2
of goods 1.6 -9.3 -19.3 -22.2
of services -1.6 3.9 1.1 1.4 Imports -1.6 -8.8 -17 0 -18.3
of goods -2.2 -11.2 -20.3 -21.6
of services 1.8 8.6 8.4 7.5
NOTE. All current data are seasonally adjusted and those from previous quarters are revised. In the second quarter, GDP totalled 725.9 billion crowns in seasonally adjusted constant prices of 2000. CONSUMER INFLATION 08/09 07/09 08/08 pct change month/month -0.2 -0.4 -0.1 pct change year/year 0.2 0.3 6.5
NOTE: The average rate of inflation over the past 12 months was 2.6 percent in August. CZECH BALANCE OF PAYMENTS 07/09 06/09 07/08 01-07/09 (CZK billion) I. CURRENT ACCOUNT -3.06 -18.79 -5.36 -8.87 Trade balance 14.40 21.83 9.29 105.88 Balance of services 3.48 3.37 6.79 34.18 Income balance -18.29 -41.26 -16.12 -147.36 Current transfers -2.65 -2.73 -5.32 -1.57 II. CAPITAL ACCOUNT 4.96 -0.33 0.67 25.07 III. FINANCIAL ACCOUNT 11.57 31.20 10.71 -7.23 Net Direct Investment 12.42 -2.95 15.86 24.02 Czech abroad -2.63 -4.11 -2.49 -37.65 Into Czech Republic 15.05 1.16 18.35 61.67 Net Portfolio Investment -3.45 10.58 15.45 69.73 Assets 1.50 9.90 1.95 33.75 Liabilities -4.95 0.68 13.50 35.98 Other Investments 7.91 19.49 -20.28 -45.45 Change in foreign exchange reserves (minus = growth) -4.89 4.16 0.59 -47.09 IV. BALANCE OF OMISSIONS & EXCHANGE RATE ADJUSTMENTS -13.47 -12.09 -6.01 -8.97
NOTE. All 2009 figures are subject to revision. The 2008 figures are revised. The CNB releases the monthly figures according to ECB methodology. CZECH STATE BUDGET 01-08/09 01-07/09 01-08/08 revenue (CZK bln) 643.91 586.80 691.40 expenditure 733.49 662.96 686.08 balance -89.58 -76.16 5.32
NOTE. The full-year 2009 central state budget was approved by parliament with a gap of 38.1 billion crowns. The government is aiming to keep the gap below 170 billion crowns. The Finance Ministry forecast an overall public sector deficit of 5.5 percent of gross domestic product in July, although officials this week said it would be 7.4 percent. FOREIGN TRADE 07/09 06/09 07/08 01-07/09 (in bln CZK) exports 169.53 185.22(185.80) 206.50 1,219.19 imports 157.28 165.75(165.37) 199.90 1,129.80 balance +12.25 +19.47(+20.43) +6.60 +89.38 DYNAMICS OF TRADE (pct y/y change in CZK terms) nominal exports -17.9 -15.5 (-15.1) n/a -19.1 nominal imports -21.3 -19.3 (-19.3) n/a -21.3
NOTE. All data are subject to further revision. Numbers may not add up due to rounding. CZECH FOREX RESERVES END-AUG 09 END-JULY 09 END-AUG 08 euro bln 27.359 27.518 25.090 $ bln 39.049 38.916 36.975 CZK bln 694.374 703.759 620.595
NOTE. The central bank said it sold foreign currency worth an equivalent of 88 million euros in spot foreign exchange market operations in July. It bought foreign currency worth 192.92 million euros in client operations in July. CZECH M2 MONEY SUPPLY END-JULY 09 END-JUNE 09 END-JULY 08 M1 change yr/yr 7.1 8.7 6.8 M2 change yr/yr 5.3 7.1 8.4 Loans to businesses and households yr/yr 6.3 7.3 22.0 M2-M1 (deposits) yr/yr 2.9 4.9 10.6