INSTANT VIEW 1-Czech Nov C/A gap narrows as market forecast

    The Czech current account deficit 
narrowed in line with expectations to 11.15 billion crowns 
($521.3 million) in November, from a 26.22 billion crown gap a 
month earlier, data showed on Tuesday. 
    The 12-month rolling deficit shrunk marginally to 146.2 
billion crowns, holding steady at 4.6 percent of this year's 
estimated gross domestic product (GDP), according to Reuters 
calculations. 
 
KEY POINTS: 
(CZK billions)           Nov         Oct           Nov forecast 
Current Account         -11.15      -26.22         -11.50 
Financial Account        19.88       26.76           n/a 
Net Direct Investment     3.79       12.81           n/a 
 
 (For full table, double click on..................[nPRA001118]) 
 
- The monthly gap is mainly due to a 17.8 billion crown 
shortfall on the income balance, including dividend payouts, 
reinvested profits and other transfers of income. The income 
deficit narrowed from a 30.4 billion gap a month earlier. 
- The balance of foreign trade in both goods and services shows 
a 8.9 billion crown surplus for the month, up from a 5.9 billion 
surplus in October. 
- Net foreign direct investment inflows total 3.8 billion 
crowns, which includes 8.1 bilion crowns in reinvested profits. 
- Portfolio investments show a net 2.6 billion crown inflow, 
mainly due to purchases of local currency government bonds by 
foreign investors. 
 
BACKGROUND: 
- Analyst expectations before data release       [ID:nL12825436] 
- Czech Nov foreign trade figures                [ID:nL09833629] 
                                                 [ID:nL09931969] 
- Polish Oct C/A                                  [ID:nL1398680] 
- Slovak Oct C/A gap                             [ID:nL28190064] 
- Hungary's Q3 C/A gap                           [ID:nL29754016] 
- Report on last Czech c.bank rate decision      [ID:nL20551907] 
                                                 [ID:nL20599163] 
 
LINKS: 
- For further details on November 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        
- 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                 
- Czech money guide                                       
- Czech benchmark state bond prices                    
- Czech forward money market rates                       
 
 ((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=21.39 Czech Crown) 
  Keywords: CZECH BALANCE/  
    

[PRAGUE/Reuters/Finance.cz]