INDICATORS - Czech Republic - Jan 15

             (last updated on Jan 12 with end-Dec monetary base) 
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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)             Q3/06    Q2/06    Q3/05    2005 
 Real change yr/yr              5.8      6.0      6.0      6.1 
 Final consumption              2.0      2.3      3.6      2.3 
  Household                     4.0      4.1      3.2      2.8 
  Government                   -2.6     -1.8      4.9      1.0 
 Gross capital formation       13.6     16.2      0.5      1.6 
  fixed capital formation       7.2      6.7      1.7      1.3 
 Foreign trade balance          n/a      n/a      n/a      n/a 
  exports of goods             12.8     13.0     11.7     11.6 
  export of services            2.3     -5.2      3.5      2.2 
  imports of goods             11.8     12.6      7.0      5.7 
  imports of services           2.4     -0.5     -2.4     -1 8 
    NOTE. In the third quarter, GDP totalled 813.1 billion crowns in nominal 
terms. All data from previous quarters are revised. 
 
CZECH BALANCE OF PAYMENTS      10/06    09/06    10/05  01-10/06 
 (CZK billions) 
I. CURRENT ACCOUNT            -26.22   -12.97     2.52   -123.72 
 Trade balance                  4.35     7.97     2.15     44.08 
 Balance of services            1.51     2.28     0.90     12.00 
 Income balance               -30.40   -21.48    -1.28   -173.06 
 Current transfers             -1.69    -1.73     0.75     -6.74 
II. CAPITAL ACCOUNT             0.68     0.55     0.64      3.76 
III. FINANCIAL ACCOUNT         26.76    12.76   -13.56    101.75 
 Net Direct Investment         12.81    12.69    17.38     97.26 
  Czech abroad                 -0.37    -1.24    -4.29    -26.35 
  Into Czech Republic          13.18    13.93    21.66    123.62 
 Net Portfolio Investment      20.19     3.68    -6.17    -31.72 
  Assets                        6.05     0.83    -4.35    -53.80 
  Liabilities                  14.14     2.85    -1.81     22.08 
 Other Investments             -6.64    -5.29   -29.43     39.28 
 Change in foreign exchange 
 reserves (minus = growth)      0.48    -0.45     2.18     -1.65 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS     -1.22    -0.34    10.40     18.21 
    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-DEC 06     END-NOV 06     END-DEC 05 
 euro bln                23.755         23.904         25.054 
 $ bln                   31.287         31.559         29.555 
 CZK bln                653.148        668.603        726.702 
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
4 million euros in spot foreign exchange market operations in November. It sold 
foreign currency worth 75.11 million euros in client operations in November. 
  
MONETARY BASE            END-DEC 06    END-NOV 06     END-DEC 05 
 (in CZK bln) 
 CNB monetary base         355.5         345.5          309.3 
  currency                 321.5         314.1          287.7 
  bank reserves             34.0          31.4           21.5 
   mandatory reserves       36.7          36.1           33.4 
 
CZECH M2 MONEY SUPPLY      END-NOV 06    END-OCT 06   END-NOV 05 
 M1 change yr/yr             15.2          16.4         10.5 
 M2 change yr/yr              9.0           9.9          6.8 
 Loans to businesses 
  and households yr/yr       21.3          20.1         18.7 
 M2-M1 (deposits)  yr/yr      1.5           2.1          2.6 
 
CONSUMER INFLATION             DEC 06        NOV 06     DEC 05 
 pct change month/month          0.2         -0.1        -0.1 
 pct change year/year            1.7          1.5         2.2 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.5 percent. 
 
CZECH UNEMPLOYMENT           DEC 06       NOV 06       DEC 05 
 pct of workforce             7.7          7.3          8.9 
 number of available 
  jobless                   421,286      400,044      481,071 
 total number of jobless    448,545      432,573      510,416 
    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              NOV 06      OCT 06     NOV 05 
 Industrial prices 
  pct change month/month     -0.2         0.0       -0.3 
  pct change year/year        2.0         1.9        0.0 
 Construction prices 
  pct change month/month      0.1         0.2        0.1 
  pct change year/year        3.1         3.2        2.6 
 Agricultural prices 
  pct change month/month     -0.6         0.1        0.0 
  pct change year/year        1.3         1.9       -6.0 
 Services 
  pct change month/month     -0.1        -0.2       -0.3 
  pct change year/year        3.4         3.2        2.3 
    NOTE. All 2006 data are subject to further revision. 
 
FOREIGN TRADE     NOV 06      OCT 06      NOV 05     JAN-NOV 06 
 (in bln CZK) 
 exports          211.22      204.27      181.87      1971.95 
 imports          204.79      199.92      179.39      1921.44 
 balance            6.43        4.35        2.48        50.51 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   16.1        19.8         9.7         14.8 
 nominal imports   14.2        19.2         8.3         14.7 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET    JAN-DEC 06     JAN-NOV 06    JAN-DEC 05 
 revenue (CZK bln)      923.32         821.23        866.49 
 expenditure           1020.63         852.15        922.85 
 balance                -97.30         -30.92        -56.36 
    NOTE. The 2006 budget was approved by parliament with a gap of 83.71 billion 
crowns. 
 
GOVERNMENT DEBT          DEC 06    SEPT 06   JUNE 06     DEC 05 
 (CZK bln) 
 total                   802.5      746.3     728.9      691.2 
 average maturity 
 (in years)                6.2        5.9       6.1        5.8 
   marketable debt       765.0      711.3     696.1      660.6 
   modified duration 
   (in years)              4.0        3.8       3.7        3.9 
    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              Q3/06      Q2/06     Q3/05   Q1-Q3/06  Q1-Q3/05 
 Monthly wage (nominal)    19,968     20,036    18,829    19.635    18,420 
  real change y/y (pct)     3.1        3.9       4.2       3.6       3.9 
  nominal change y/y        6.1        6.9       6.2       6.6       5.7 
 Private sector in CZK     20,104     20,182    18,924    19.780    18,515 
  real change y/y (pct)     3.2        4.1       3.5       3.8       3.4 
  nominal change y/y        6.2        7.1       5.5       6.8       5.2 
 Public sector in CZK      19,484     19,528    18,493    19,130    18,092 
  real change y/y (pct)     2.4        3.0       6.6       2.7       5.8 
  nominal change y/y        5.4        6.0       8.6       5.7       7.6 
    NOTE. All data are subject to further revision. 
 
INDUSTRIAL OUTPUT      OCT 06    SEPT 06    OCT 05   JAN-OCT 06 
 Real pct change y/y   12.8     5.5 (5.8)    8.1      10.7 
 Industrial sales      13.7     5.8 (6.1)    9.5      11.0 
 Productivity          12.9     4.6 (4.8)    9.3       9.7 
 Monthly wage 
  avg nominal           7.7     4.7 (4.5)    4.1       6.2 
  avg real              6.3     1.9 (1.8)    1.5       3.4 
    NOTE. Brackets denote previously reported data. All data are subject to 
further revision. Seasonally adjusted industrial output was up 1.2 percent 
month-on-month. 
 
CONSTRUCTION OUTPUT      NOV 06   OCT 06     NOV 05   JAN-NOV 06 
 real pct change y/y      7.9      7.1        6.6       5.9 
 Monthly wage 
  avg nominal             5.3      9.4        5.3       6.8 
  avg real                3.7      8.0        2.8       4.1 
 Productivity 
  y/y change in pct       8.6      7.8        0.2       5.6 
 Construction permits 
  y/y pct chg            -2.6      3.6      -10.8      -5.6 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output rose a real 1.4 percent over the previous month. 
 
                            OCT 06   SEPT 06    OCT 05     JAN-OCT 06 
RETAIL SALES (pct chg y/y)   8.6    4.8 (5.2)    3.4         6.6 
 
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 ((Editing by Mirka Krufova, prague.newsroom@reuters.com; Reuters Messaging: 
mirka.krufova.reuters.com@reuters.net; +420 224 190 477))