INSTANT VIEW 3-Slovak preliminary Q3 GDP +9.8 pct yr/yr

    BRATISLAVA, Nov 15 (Reuters) - The Slovak economy grew by a 
real 9.8 percent, year-on-year, in the third quarter, the 
Slovak Statistics Office said in its preliminary flash estimate 
of GDP data on Wednesday. 
     
KEY POINTS 
                       Q3 2006         Q2 2006       Q3 forecast 
 (pct change y/y)       +9.8            +6.7            +6.6 
  
- The Statistics Office does not release detailed data in its 
flash GDP estimate. 
 
ANALYST COMMENTS: 
    SILVIA CECHOVICOVA, ANALYST, CSOB, BRATISLAVA 
    "It is a completely outstanding figure, which was not 
expected by anyone. I do not think the structure has changed 
since the previous quarter. It's good news for the crown but 
it's hard to say what will be the impact on the monetary policy, 
because we do not know the structure yet. If a strong rise in 
household consumption is confirmed, we can expect the central 
bank to hike interest rates again ... by at least 25 basis 
points." 
     
    MARIA VALACHYOVA, ANALYST, SLOVENSKA SPORITELNA  
    "The structure of growth will probably remain the same, 
which means mainly domestic demand. Within the domestic demand, 
there should be growth in household consumption and investments. 
A change in inventories may have also added to growth more than 
we expected." 
     
MARKET REACTION 
- The crown <EURSKK=> firmed to an all time high of 35.720 to 
the euro after the data were released, from 35.780 at the open. 
 
 BACKGROUND 
- The third-quarter figure showed the fastest Slovak GDP growth 
ever. 
- Slovakia has been has been showing one of the highest growth 
rates in the European Union since it joined the union in 2004. 
- GDP growth has been helped by reviving domestic demand as 
households consumption rises after years of belt-tightening 
reforms. 
- Investments have also increased in the past year, mainly 
thanks to large project such as car factories of French PSA 
Peugeot <PEUP.PA> and South Korean Kia Motors <000270.KS>. 
 
 LINKS: 
- For further details on past data, Reuters 3000 Xtra users can 
click on the Slovak Statistics Office's website: 
http://wwww.statistics.sk/webdata/english/index2_a.htm 
 
- For LIVE Slovak economic data releases, click on......<ECONCZ> 
- Schedule of upcoming indicator releases............<SK/ECON09> 
- Summary of short-term economic data forecasts......<SK/ECON04> 
 
- Stories on Slovak currency moves........................[SKK/] 
- Slovak speed money guide ..............................<CZK/1> 
- Slovak benchmark state bond prices .................<0#SKBMK=> 
- Slovak forward money market rates ....................<SKKFRA> 
  ((Reporting by Martin Santa, martin.santa@reuters.com; 
Reuters Messaging: martin.santa.reuters.com@reuters.net; +421 2 
5341 8402)) 
  Keywords: ECONOMY SLOVAKIA GDP