INSTANT VIEW 1-Czech Oct C/A gap nearly treble mkt forecast

    PRAGUE, Dec 13 (Reuters) - The Czech current account posted 
a deficit of 26.2 billion crowns ($1.25 billion) in October, 
nearly treble the median forecast in a Reuters poll. This is the 
second straight month when the gap came in well above forecasts. 
    The 12-month rolling deficit widened to 146.9 billion 
crowns, or 4.6 percent of this year's estimated gross domestic 
product (GDP), according to Reuters calculations, from 3.75 
percent in the prior month. 
 
KEY POINTS: 
(CZK billions)           Oct         Sept          Oct forecast 
Current Account         -26.22      -12.97         -9.00 
Financial Account        26.76       12.76          n/a 
Net Direct Investment    12.81       12.69          n/a 
 
 (For full table, double click on..................[nPRA001080]) 
 
- The monthly gap is mainly due to a 30.4 billion crown 
shortfall on the income balance, including dividend payouts, 
reinvested profits and other transfers of income. The income 
deficit widened from a 21.5 billion gap a month earlier. 
- The balance of foreign trade in both goods and services shows 
a 5.8 billion crown surplus for the month. 
- Net foreign direct investment reaches 12.8 billion crowns, of 
which the central bank estimates were 8.1 bilion crowns in 
reinvested profits. 
- Portfolio investments show a net 20.2 billion crown inflow 
after a foreign debt issue by power company CEZ <CEZPsp.PR>. 
 
BACKGROUND: 
- Analyst expectations before data release       [ID:nL30680319] 
- Czech Oct foreign trade figures                [ID:nL06178576] 
- Polish Sept C/A                                [ID:nL14378776] 
- Slovak Sept C/A gap                            [ID:nL28190064] 
- Hungary's Q3 C/A gap                           [ID:nBUD001815] 
- Report on last Czech c.bank rate decision       [ID:nL3091748] 
                                 [ID:nPRA001058] [ID:nPRA001059] 
 
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       <ECONCZ> 
- 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                <CZKVIEW> 
- Czech money guide                                      <CZK/1> 
- Czech benchmark state bond prices                   <0#CZBMK=> 
- Czech forward money market rates                      <CZKFRA> 
 
 ((Writing by Marek Petrus; Editing by Alan Crosby; 
prague.newsroom@reuters.com; Reuters Messaging: 
marek.petrus.reuters.com@reuters.net; +420 224 190 477)) 
 ($1=20.98 Czech Crown) 
  Keywords: CZECH BALANCE/