INDICATORS - Czech Republic - Oct 25

             (last updated on Oct 18 with Aug retail sales) 
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KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD 
rate                    2.50 pct        1.50 pct        3.50 pct 
last changed 
 (date of decision)   Sept 27, 2006   Sept 27, 2006   Sept 27,2006 
former rate             2.25 pct        1.25 pct        3.25 pct 
=============================================================================== 
CZECH GDP (in pct)             Q2/06    Q1/06    Q2/05    2005 
 Real change yr/yr              6.2      7.1      6.1     6.1 
 Final consumption              1.6      2.8      1.9     1.8 
  Household                     3.8      3.7      2.5     2.4 
  Government                   -3.4      0.8      0.8     0.7 
 Gross capital formation       17.8     12.4      0.6     2.9 
  fixed capital formation       5.3      6.8      3.8     3.6 
 Foreign trade balance          n/a      n/a      n/a     n/a 
  exports of goods             12.3     20.5      6.3    11.9 
  export of services           -4.7     -3.3      2.6     1.8 
  imports of goods             11.5     17.4     -0.4     5.9 
  imports of services           1.0      1.8      0.7    -1.7 
    NOTE. In the second quarter, GDP totalled 815.7 billion crowns in nominal 
terms.  All data from previous quarters are revised. 
 
CZECH BALANCE OF PAYMENTS      08/06    07/06    08/05  01-08/06 
 (CZK billions) 
I. CURRENT ACCOUNT            -14.34   -23.45   -10.66    -85.59 
 Trade balance                 -2.07    -1.22    -3.76     33.91 
 Balance of services            1.61     0.34     1.43      6.25 
 Income balance               -12.41   -22.11    -8.19   -120.47 
 Current transfers             -1.47    -0.46    -0.14     -5.28 
II. CAPITAL ACCOUNT             0.50     1.15     0.24      2.77 
III. FINANCIAL ACCOUNT          8.70    29.51    10.28     59.75 
 Net Direct Investment         14.95    10.31     7.33     67.74 
  Czech abroad                 -1.17    -2.64    -0.34    -23.84 
  Into Czech Republic          16.11    12.95     7.68     91.58 
 Net Portfolio Investment      -9.40    -5.41     0.40    -55.60 
  Assets                       -7.58    -6.78    -5.14    -60.68 
  Liabilities                  -1.82     1.37     5.54      5.08 
 Other Investments              6.95    26.94     7.54     52.74 
 Change in foreign exchange 
 reserves (minus = growth)     -0.76    -1.30    -1.20     -1.68 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS      5.15    -7.21     0.14     23.07 
    NOTE. All 2006 figures are subject to revision. The 2005 figures are 
revised. The CNB releases the monthly figures according to ECB methodology. 
  
CZECH FOREX RESERVES   END-SEPT 06    END-AUG 06     END-SEPT 05 
 euro bln                24.209         24.076         24.835 
 $ bln                   30.652         30.941         29.909 
 CZK bln                685.831        679.305        733.887 
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
14 million euros in spot foreign exchange market operations in August. It sold 
foreign currency worth 12.10 million euros in client operations in August. 
  
MONETARY BASE           END-SEPT 06    END-AUG 06    END-SEPT 05 
 (in CZK bln) 
 CNB monetary base         318.5         328.0          307.2 
  currency                 307.9         302.9          277.8 
  bank reserves             10.6          25.1           29.4 
   mandatory reserves       35.8          35.3           33.1 
 
CZECH M2 MONEY SUPPLY      END-AUG 06   END-JULY 06   END-AUG 05 
 M1 change yr/yr             16.0          17.3          6.4 
 M2 change yr/yr              9.3           8.6          4.6 
 Loans to businesses 
  and households yr/yr       20.3          21.7         19.6 
 M2-M1 (deposits)  yr/yr      1.6          -1.0          2.6 
 
CONSUMER INFLATION             SEPT 06       AUG 06     SEPG 05 
 pct change month/month         -0.7          0.2        -0.3 
 pct change year/year            2.7          3.1         2.2 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.8 percent. 
 
CZECH UNEMPLOYMENT          SEPT 06       AUG 06      SEPT 05 
 pct of workforce             7.8          7.9          8.8 
 number of available 
  jobless                   427,331      434,928      474,964 
 total number of jobless    454,182      458,729      503,396 
    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             SEPT 06      AUG 06    SEPT 05 
 Industrial prices 
  pct change month/month     -0.2         0.3        0.2 
  pct change year/year        2.4         2.7        1.0 
 Construction prices 
  pct change month/month      0.3         0.2        0.3 
  pct change year/year        3.1         3.1        2.7 
 Agricultural prices 
  pct change month/month      1.7        -0.5        0.0 
  pct change year/year        4.2         2.4       -6.7 
 Services 
  pct change month/month      0.2         0.3        0.8 
  pct change year/year        3.4         4.0        2.8 
    NOTE. All 2006 data are subject to further revision. 
 
FOREIGN TRADE     AUG 06      JULY 06     AUG 05     JAN-AUG 06 
 (in bln CZK) 
 exports          163.48      159.01      150.10      1360.08 
 imports          165.55      160.23      154.55      1326.17 
 balance           -2.07       -1.22       -4.45        33.91 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports    8.9        14.4        13.6         13.7 
 nominal imports    7.1        14.8        14.1         13.9 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET    JAN-SEPT 06    JAN-AUG 06    JAN-SEPT 05 
 revenue (CZK bln)      673.50         597.52        634.07 
 expenditure            672.01         603.96        608.32 
 balance                  1.49          -6.44         25.75 
    NOTE. The 2006 budget was approved by parliament with a gap of 74.4 billion 
crowns. 
 
GOVERNMENT DEBT         SEPT 06    JUNE 06   MARCH 06   SEPT 05 
 (CZK bln) 
 total                   746.3      728.9     698.2      662.6 
 average maturity 
 (in years)                5.9        6.1       6.2        5.9 
   marketable debt       711.3      696.1     667.4      633.5 
   modified duration 
   (in years)              3.8        3.7       3.8        4.0 
    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              Q2/06      Q1/06     Q2/05   Q1-Q2/06  Q1-Q2/05 
 Monthly wage (nominal)    20,036     18,903    18,745    19.484    18,215 
  real change y/y (pct)     3.9        4.0       3.6       4.0       3.8 
  nominal change y/y        6.9        6.9       5.3       7.0       5.5 
 Private sector in CZK     20,182     19,051    18,836    19,635    18,308 
  real change y/y (pct)     4.1        4.3       3.6       4.2       3.4 
  nominal change y/y        7.1        7.2       5.3       7.2       5.1 
 Public sector in CZK      19,528     18,390    18,430    18,960    17,895 
  real change y/y (pct)     3.0        3.1       3.8       2.9       5.4 
  nominal change y/y        6.0        6.0       5.5       5.9       7.1 
    NOTE. All data are subject to further revision. 
 
INDUSTRIAL OUTPUT      AUG 06   JULY 06     AUG 05  JAN-AUG 06 
 Real pct change y/y    7.4    12.2(11.8)    8.8      11.3 
 Industrial sales       6.9    12.4(12.2)   10.5      11.6 
 Productivity           5.4    10.9(10.8)   10.8       9.9 
 Monthly wage 
  avg nominal           5.5     5.6 (5.7)    6.9       6.2 
  avg real              2.3     2.6 (2.7)    5.1       3.2 
    NOTE. Brackets denote previously reported data. All data are subject to 
further revision. Seasonally adjusted industrial output was down 1.1 percent 
month-on-month. 
 
CONSTRUCTION OUTPUT     AUG 06     JULY 06   AUG 05   JAN-AUG 06 
 real pct change y/y      6.4       12.2      6.5       5.7 
 Monthly wage 
  avg nominal             7.9        8.5      6.8       6.8 
  avg real                4.7        5.4      5.0       3.8 
 Productivity 
  y/y change in pct       6.3       11.9      1.9       4.9 
 Construction permits 
  y/y pct chg            -5.6       -4.7     -1.6      -7.1 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output dipped a real 0.4 percent over the previous month. 
 
                            AUG 06   JULY 06    AUG 05    JAN-AUG 06 
RETAIL SALES (pct chg y/y)   6.8    6.4 (6.4)    7.1         6.7 
 
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 ((Editing by Mirka Krufova, prague.newsroom@reuters.com; Reuters Messaging: 
mirka.krufova.reuters.com@reuters.net; +420 224 190 477))