INSTANT VIEW 1-Czech Dec industry output growth lags fcast

    Czech industrial output rose by a 
weaker than expected 3.0 percent year-on-year rate in December, 
from a 7.6 percent growth rate in the previous month, data 
released on Wednesday showed. 
 
KEY POINTS: 
(brackets denote previously reported data) 
(y/y change in pct)      Dec      Nov              Dec forecast 
 Industrial output       3.0      7.6 (7.6)         4.9 
 Industrial sales        4.9      8.8 (8.8)         n/a 
 
 (Full table of data............................[ID:nPRA001152]) 
 
- Seasonally-adjusted output dips 0.5 percent month-on-month. 
- Adjusted for varying number of working days, output rose 6.9 
percent year-on-year. 
- Production of electrical and optical equipment rises 8.9 
percent to add 1.3 percent to the industrial output growth. 
- Vehicle production rose 7.1, which contributed another 1.3 
percentage points to the overall growth. 
- Direct exports sales, accounting for nearly half of sales in 
the entire industrial sector, up 9.6 percent in real terms, 
slowing from a 18.6 percent rise a month earlier. 
  
BACKGROUND: 
- Dec foreign trade figures......................[ID:nL05800500] 
- Report on last Czech c.bank rate decision      [ID:nPRA001122] 
                                 [ID:nL02157584] [ID:nL25513531] 
 
LINKS: 
- For further details on December output and sales numbers and 
past data, Reuters 3000 Xtra users can click on the Czech 
Statistical Bureau's Website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-pru 
 
- 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)) 
  Keywords: CZECH ECONOMY/INDUSTRY  
    

[PRAGUE/Reuters/Finance.cz]