INDICATORS - Czech Republic - Sept 27

             (last updated on Sept 27 with key interest rate) 
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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      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-AUG 06   END-JULY 06     END-AUG 05 
 (in CZK bln) 
 CNB monetary base         328.0         326.7          306.4 
  currency                 302.9         300.4          273.5 
  bank reserves             25.1          26.2           32.9 
   mandatory reserves       35.3          35.1           32.7 
 
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 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.7 percent. 
 
CZECH UNEMPLOYMENT           AUG 06      JULY 06       AUG 05 
 pct of workforce             7.9          7.9          8.9 
 number of available 
  jobless                   434,928      434,327      480,961 
 total number of jobless    458,729      458,270      505,254 
    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              AUG 06     JULY 06     AUG 05 
 Industrial prices 
  pct change month/month      0.3         0.7        0.0 
  pct change year/year        2.7         2.4        1.1 
 Construction prices 
  pct change month/month      0.2         0.3        0.3 
  pct change year/year        3.1         3.1        2.4 
 Agricultural prices 
  pct change month/month     -0.5        -6.7       -1.4 
  pct change year/year        2.4         1.4       -8.5 
 Services 
  pct change month/month      0.3        -0.3        0.0 
  pct change year/year        4.0         3.8        2.3 
    NOTE. All 2006 data are subject to further revision. 
 
FOREIGN TRADE     JULY 06     JUNE 06     JULY 05    JAN-JULY 06 
 (in bln CZK) 
 exports          159.01  182.52(181.62)  138.95      1196.60 
 imports          160.23  174.58(172.75)  139.62      1160.62 
 balance           -1.22    7.93  (8.86)   -0.67        35.98 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   14.4     9.4   (9.5)     3.2         14.4 
 nominal imports   14.8    10.6  (10.0)    -1.4         14.9 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET    JAN-AUG 06     JAN-JULY 06   JAN-AUG 05 
 revenue (CZK bln)      597.52         539.48        558.07 
 expenditure            603.96         539.93        248.06 
 balance                 -6.44          -0.44         10.01 
    NOTE. The 2006 budget was approved by parliament with a gap of 74.4 billion 
crowns. 
 
GOVERNMENT DEBT         JUNE 06    MARCH 06   DEC 05    JUNE 05 
 (CZK bln) 
 total                   728.9      698.2     691.2      643.6 
 average maturity 
 (in years)                6.1        6.2       5.8        5.8 
   marketable debt       696.1      667.4     660.6      616.7 
   modified duration 
   (in years)              3.7        3.8       3.9        4.4 
    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     JULY 06   JUNE 06    JULY 05  JAN-JULY 06 
 Real pct change y/y   11.8    10.5(10.5)    5.1      11.8 
 Industrial sales      12.2    10.8(10.8)    6.0      12.3 
 Productivity          10.8     9.1 (9.1)    6.1      10.5 
 Monthly wage 
  avg nominal           5.7     6.1 (5.9)    3.1       6.3 
  avg real              2.7     3.2 (3.0)    1.1       3.3 
    NOTE. Brackets denote previously reported data. All data are subject to 
further revision. Seasonally adjusted industrial output was up 0.4 percent 
month-on-month. 
 
CONSTRUCTION OUTPUT     JULY 06    JUNE 06  JULY 05  JAN-JULY 06 
 real pct change y/y     12.2    10.0(10.2)   6.0       5.5 
 Monthly wage 
  avg nominal             8.5     4.9 (4.9)   2.0       6.6 
  avg real                5.4     2.0 (2.0)   0.3       3.6 
 Productivity 
  y/y change in pct      11.9     9.6 (9.8)   1.4       4.6 
 Construction permits 
  y/y pct chg            -4.7  -10.9(-10.9)  -4.8      -7.4 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output rose a real 1.4 percent over the previous month. 
 
                           JULY 06   JUNE 06   JULY 05    JAN-JULY 06 
RETAIL SALES (pct chg y/y)   6.4    6.5 (6.6)    1.2         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))