INDICATORS - Czech Republic - Feb 16

                (last updated on Feb 15 with Dec retail sales) 
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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      12/06    11/06    12/05  01-12/06 
 (CZK billions) 
I. CURRENT ACCOUNT            -16.26   -11.15   -13.30   -151.13 
 Trade balance                 -3.25     6.43    -4.13     47.27 
 Balance of services           -1.49     2.47     0.59     12.98 
 Income balance               -11.53   -17.81   -13.28   -202.40 
 Current transfers              0.01    -2.25     5.52     -8.98 
II. CAPITAL ACCOUNT             2.72     2.07     0.96      8.55 
III. FINANCIAL ACCOUNT         17.66    19.88     8.32    139.29 
 Net Direct Investment         23.20     3.79     6.94    124.25 
  Czech abroad                 -1.90    -6.92    -0.22    -35.18 
  Into Czech Republic          25.10    10.71     7.16    159.44 
 Net Portfolio Investment      10.12     2.63    -9.40    -18.97 
  Assets                       -2.17    -4.50    -6.35    -60.47 
  Liabilities                  12.29     7.13    -3.05     41.50 
 Other Investments            -14.45    17.60    12.00     42.43 
 Change in foreign exchange 
 reserves (minus = growth)      1.20    -1.63    -1.41     -2.07 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS     -4.12   -10.80     2.02      3.29 
    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-JAN 07     END-DEC 06     END-JAN 06 
 euro bln                24.220         23.882         24.553 
 $ bln                   31.377         31.454         29.752 
 CZK bln                682.031        656.638        697.545 
  
    NOTE. The central bank said it did not conduct any spot foreign exchange 
market operations in December. 
    It bought foreign currency worth 38.59 million euros in client operations in 
December. 
  
MONETARY BASE            END-JAN 07    END-DEC 06     END-JAN 06 
 (in CZK bln) 
 CNB monetary base         349.4         355.5          315.2 
  currency                 313.6         321.5          283.5 
  bank reserves             35.9          34.0           31.8 
   mandatory reserves       36.7          36.7           33.7 
 
CZECH M2 MONEY SUPPLY      END-DEC 06    END-NOV 06   END-DEC 05 
 M1 change yr/yr             14.0          15.2         13.0 
 M2 change yr/yr              9.9           9.0          8.0 
 Loans to businesses 
  and households yr/yr       20.5          21.3         20.0 
 M2-M1 (deposits)  yr/yr      4.8           1.5          2.6 
 
CONSUMER INFLATION             JAN 07       DEC 06      JAN 06 
 pct change month/month          1.0          0.2         1.4 
 pct change year/year            1.3          1.7         2.9 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.4 percent. 
 
CZECH UNEMPLOYMENT           JAN 07       DEC 06       JAN 06 
 pct of workforce             7.9          7.7          9.2 
 number of available 
  jobless                   434,940      421,286      498,630 
 total number of jobless    465,458      448,545      531,235 
    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              DEC 06      NOV 06     DEC 05 
 Industrial prices 
  pct change month/month      0.0        -0.2       -0.6 
  pct change year/year        2.6         2.0       -0.3 
 Construction prices 
  pct change month/month      0.2         0.1        0.2 
  pct change year/year        3.2         3.1        2.6 
 Agricultural prices 
  pct change month/month      3.4        -0.6       -0.2 
  pct change year/year        4.9         1.3       -5.2 
 Services 
  pct change month/month     -0.6        -0.1       -1.0 
  pct change year/year        3.9         3.4        1.6 
    NOTE. All 2006 data are subject to further revision. 
 
FOREIGN TRADE     DEC 06      NOV 06      DEC 05     JAN-DEC 06 
 (in bln CZK) 
 exports          169.16      211.22      150.36      2141.11 
 imports          172.41      204.79      154.39      2093.84 
 balance           -3.25        6.43       -4.03        47.27 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   12.5        16.1        10.4         14.6 
 nominal imports   11.7        14.2         5.9         14.4 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET    END-JAN 07     JAN-DEC 06    END-JAN 06 
 revenue (CZK bln)       83.14         923.06         79.63 
 expenditure             78.11        1020.64         76.20 
 balance                  5.03         -97.58          3.43 
    NOTE. The 2007 budget was approved by parliament with a gap of 91.3 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      DEC 06    NOV 06     DEC 05   JAN-DEC 06 
 Real pct change y/y    3.0     7.6 (7.6)    6.9       9.7 
 Industrial sales       4.9     8.8 (8.8)    8.4      10.3 
 Productivity           4.6     8.8 (8.6)    8.2       9.2 
 Monthly wage 
  avg nominal           5.0     5.9 (5.8)    3.7       6.0 
  avg real              3.2     4.3 (4.2)    1.5       3.4 
    NOTE. Brackets denote previously reported data. All data are subject to 
further revision. Seasonally adjusted industrial output was down 0.5 percent 
month-on-month. 
 
CONSTRUCTION OUTPUT      DEC 06   NOV 06     DEC 05   JAN-DEC 06 
 real pct change y/y     15.4    7.7 (7.9)    8.6       6.6 
 Monthly wage 
  avg nominal            12.4    5.2 (5.3)   -1.3       7.3 
  avg real               10.5    3.6 (3.7)   -3.4       4.7 
 Productivity 
  y/y change in pct      15.7    8.0 (8.6)    1.0       6.3 
 Construction permits 
  y/y pct chg            -1.8   -2.6(-2.6)   -8.5      -5.3 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output rose a real 3.1 percent over the previous month. 
 
                            DEC 06   NOV 06     DEC 05     JAN-DEC 06 
RETAIL SALES (pct chg y/y)   4.4    6.5 (6.4)    2.1         6.4 
 
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 ((Editing by Mirka Krufova, prague.newsroom@reuters.com; Reuters Messaging: 
mirka.krufova.reuters.com@reuters.net; +420 224 190 477))