INDICATORS - Czech Republic - Oct 9

         (last updated on Oct 8 with Sept inflation and unemployment, 
                 Aug foreign trade and Q3 government debt) 
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KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD 
rate                    3.25 pct        2.25 pct        4.25 pct 
last changed 
 (date of decision)    Aug 30, 2007    Aug 30, 2007    Aug 30, 2007 
former rate             3.00 pct        2.00 pct        4.00 pct 
=============================================================================== 
CZECH GDP (in pct)              Q2/07     Q1/07     Q2/06 
 Real change yr/yr               6.0       6.4       6.5 
 Final consumption               3.9       4.9       2.7 
  Household                      6.5       7.2       4.1 
  Government                    -1.6       0.2      -0.5 
 Gross capital formation        10.3      11.1      15.0 
  fixed capital formation        4.2       4.0       7.5 
 Foreign trade balance           n/a       n/a       n/a 
  exports of goods              15.1      16.8      13.4 
  export of services             4.9       4.1      10.3 
  imports of goods              14.9      17.6      12.4 
  imports of services            6.5       4.1      15.0 
    NOTE. In the second quarter, GDP totalled 899.7 billion crowns in nominal 
terms. 
 
CZECH BALANCE OF PAYMENTS      07/07    06/07    07/06  01-07/07 
 (CZK billions) 
I. CURRENT ACCOUNT             -8.80   -12.87   -20.24    -37.11 
 Trade balance                  1.95    10.75    -0.66     73.71 
 Balance of services            5.37     4.35     3.27     28.51 
 Income balance               -14.53   -27.01   -20.92   -126.94 
 Current transfers             -1.59    -0.97    -1.94    -12.39 
II. CAPITAL ACCOUNT             2.62     0.00     1.15      5.49 
III. FINANCIAL ACCOUNT         -4.17     0.16    21.31     18.98 
 Net Direct Investment         22.04     2.43     7.60     79.97 
  Czech abroad                 -0.77    -3.86    -2.33    -10.97 
  Into Czech Republic          22.81     6.29     9.93     90.94 
 Net Portfolio Investment     -11.45    -9.41    -5.61    -37.04 
  Assets                       -5.32   -12.10    -6.98    -51.40 
  Liabilities                  -6.13     2.69     1.37     14.37 
 Other Investments             -6.27    -2.24    21.65    -38.22 
 Change in foreign exchange 
 reserves (minus = growth)     -0.58     2.99    -1.30      7.13 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS     10.35    12.71    -2.22     12.64 
    NOTE. All 2007 figures are subject to revision. The 2006 figures are 
revised. The CNB releases the monthly figures according to ECB methodology. 
  
CZECH FOREX RESERVES   END-SEPT 07     END-AUG 07    END-SEPT 06 
 euro bln                23.113         23.476         24.298 
 $ bln                   32.766         32.177         30.765 
 CZK bln                638.025        650.867        688.364 
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
69 million euros in spot foreign exchange market operations in August. It bought 
foreign currency worth 63.98 million euros in client operations in August. 
  
MONETARY BASE            END-AUG 07   END-JULY 07     END-AUG 06 
 (in CZK bln) 
 CNB monetary base         365.9         365.5          328.0 
  currency                 336.5         335.4          302.9 
  bank reserves             29.5          30.1           25.1 
   mandatory reserves       40.8          40.6           35.3 
 
CZECH M2 MONEY SUPPLY      END-AUG 07   END-JULY 07   END-AUG 06 
 M1 change yr/yr             12.8          15.4         16.0 
 M2 change yr/yr             11.4          11.4          9.3 
 Loans to businesses 
  and households yr/yr       23.6          22.5         20.3 
 M2-M1 (deposits)  yr/yr      9.5           6.0          1.6 
 
CONSUMER INFLATION            SEPT 07       AUG 07     SEPT 06 
 pct change month/month        -0.3          0.3        -0.7 
 pct change year/year           2.8          2.4         2.7 
    NOTE. The CSU added the sliding average rate of inflation over the past 12 
months was 2.0 percent. 
 
CZECH UNEMPLOYMENT          SEPT 07       AUG 07      SEPT 06 
 pct of workforce             6.2          6.4          7.8 
 number of available 
  jobless                   340,371      351,230      427,331 
 total number of jobless    364,978      372,759      454,182 
    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 07     JULY 07     AUG 06 
 Industrial prices 
  pct change month/month     -0.1         0.2        0.3 
  pct change year/year        3.7         4.1        2.7 
 Construction prices 
  pct change month/month      0.3         0.3        0.3 
  pct change year/year        3.6         3.6        3.2 
 Agricultural prices 
  pct change month/month      3.0         0.0       -0.8 
  pct change year/year       15.6        11.3        2.4 
 Services 
  pct change month/month      0.2        -0.9        0.0 
  pct change year/year        1.0         0.8        3.5 
    NOTE. All 2007 data are subject to further revision. 
 
FOREIGN TRADE     AUG 07     JULY 07       AUG 06    JAN-AUG 07 
 (in bln CZK) 
 exports          186.35      194.31       166.27     1,592.42 
 imports          186.94      195.04       167.37     1,537.34 
 balance           -0.59       -0.73        -1.11        55.08 
 DYNAMICS OF TRADE (pct y/y change in CZK terms) 
 nominal exports   12.1        20.7         10.8         16.6 
 nominal imports   11.7        18.7          8.3         14.9 
    NOTE. All data are subject to further revision. Numbers may not add up due 
to rounding. 
 
CZECH STATE BUDGET    JAN-SEPT 07    JAN-AUG 07    JAN-SEPT 06 
 revenue (CZK bln)      748.52         656.66        673.50 
 expenditure            712.21         634.44        672.01 
 balance                 36.32          22.23          1.49 
    NOTE. The 2007 budget was approved by parliament with a gap of 91.3 billion 
crowns. 
 
GOVERNMENT DEBT         SEPT 07    JUNE 07   MARCH 07   SEPT 06 
 (CZK bln) 
 total                   842.7      856.1     811.7      746.3 
 average maturity 
 (in years)                6.5        6.4       6.5        5.9 
   marketable debt       803.3      817.0     774.4      711.3 
   modified duration 
   (in years)              4.1        4.0       4.1        3.8 
    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              Q2/07      Q1/07     Q2/06     H1/07     H1/06 
 Monthly wage (nominal)    21,462     20,399    19,982    20.938    19,453 
  real change y/y (pct)     4.9        6.2       3.6       5.5       3.8 
  nominal change y/y        7.4        7.8       6.6       7.6       6.8 
 Private sector in CZK     21,687     20,656    20,116    21.174    19,596 
  real change y/y (pct)     5.3        6/7       3.7       6.0       4.0 
  nominal change y/y        7.8        8.3       6.7       8.1       7.0 
 Public sector in CZK      20,673     19,501    19,520    20,106    18,956 
  real change y/y (pct)     3.4        4.5       2.9       4.0       2.9 
  nominal change y/y        5.9        6.1       5.9       6.1       5.9 
    NOTE. All data are subject to further revision. 
 
INDUSTRIAL OUTPUT     JULY 07   JUNE 07    JULY 06   JAN-JULY 07 
 Real pct change y/y   11.5    6.6 (6.9)    11.9       10.5 
 Industrial sales      13.0    7.7 (7.9)    12.1       11.6 
 Productivity           9.5    4.9 (5.3)    10.9        8.3 
 Monthly wage 
  avg nominal           9.4    6.5 (6.5)     5.7        8.0 
  avg real              6.9    3.9 (3.9)     2.6        5.9 
    NOTE. All data are subject to further revision. Seasonally adjusted 
industrial output was up 0.6 percent month-on-month. 
 
CONSTRUCTION OUTPUT     JULY 07   JUNE 07   JULY 06  JAN-JULY 07 
 real pct change y/y     -1.7   -4.5 (-4.4)  12.1       9.9 
 Monthly wage 
  avg nominal             8.0    3.4  (3.4)   8.4       9.8 
  avg real                5.6    0.9  (0.9)   5.4       7.5 
 Productivity 
  y/y change in pct       0.0   -1.7 (-2.6)  12.5      10.2 
 Construction permits 
  y/y pct chg           -17.5  -21.5(-21.5)  -4.7      -9.9 
    NOTE. All figures are subject to further revision. Seasonally-adjusted 
construction output rose 0.2 percent over the previous month. 
 
                           JULY 07   JUNE 07   JULY 06    JAN-JULY 07 
RETAIL SALES (pct chg y/y)   8.9    7.6 (7.2)    6.6         8.8 
 
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 ((Editing by Mirka Krufova, prague.newsroom@reuters.com; Reuters Messaging: 
mirka.krufova.reuters.com@reuters.net; +420 224 190 477))