INDICATORS - Czech Republic - Sept 22

   (last updated on Sept 14 with July retail sales and Aug 
producer prices) 
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KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD 
rate                    2.25 pct        1.25 pct        3.25 pct 
last changed 
 (date of decision)   July 27, 2006   July 27, 2006   July 
27,2006 
former rate             2.00 pct        1.00 pct        3.00 pct 
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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      07/06    06/06    07/05  01-07/06 
 (CZK billions) 
I. CURRENT ACCOUNT            -23.45   -28.01   -11.46    -71.25 
 Trade balance                 -1.22     7.93    -1.04     35.98 
 Balance of services            0.34     1.33     2.30      4.64 
 Income balance               -22.11   -36.20   -13.04   -108.06 
 Current transfers             -0.46    -1.07     0.33     -3.81 
II. CAPITAL ACCOUNT             1.15     1.51    -0.18      2.27 
III. FINANCIAL ACCOUNT         29.51    14.39     5.12     51.06 
 Net Direct Investment         10.31     7.92     7.90     52.79 
  Czech abroad                 -2.64    -2.54    -0.17    -22.67 
  Into Czech Republic          12.95    10.46     8.06     75.46 
 Net Portfolio Investment      -5.41     1.51    -5.27    -46.20 
  Assets                       -6.78    -2.27     0.53    -53.10 
  Liabilities                   1.37     3.77    -5.80      6.90 
 Other Investments             26.94    -0.14     2.14     45.79 
 Change in foreign exchange 
 reserves (minus = growth)     -1.30     0.89    -0.26     -0.92 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS     -7.21    12.11     6.52     17.92 
    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-AUG 06     END-JULY 06    END-AUG 05 
 euro bln                24.077         24.040         24.751 
 $ bln                   30.942         30.690         30.190 
 CZK bln                679.326        685.865        731.776 
    NOTE. The central bank said it sold foreign currency worth 
an equivalent of 10 million euros in spot foreign exchange 
market operations in July. It sold foreign currency worth 32.15 
million euros in client operations in July. 
  
MONETARY BASE           END-JULY 06   END-JUNE 06    END-JULY 05 
 (in CZK bln) 
 CNB monetary base         326.7         333.3          305.2 
  currency                 300.4         301.8          274.2 
  bank reserves             26.2          31.5           31.0 
   mandatory reserves       35.1          35.0           32.1 
 
CZECH M2 MONEY SUPPLY     END-JULY 06   END-JUNE 06  END-JULY 05 
 M1 change yr/yr             17.3          13.7          7.6 
 M2 change yr/yr              8.6           8.4          4.8 
 Loans to businesses 
  and households yr/yr       21.7          20.5         18.4 
 M2-M1 (deposits)  yr/yr     -1.0           2.5          1.8 
 
CONSUMER INFLATION              AUG 06      JULY 06      AUG 05 
 pct change month/month          0.2          0.4         0.0 
 pct change year/year            3.1          2.9         1.7