

(last updated on Jan 11 with Nov retail sales)
===============================================================================
KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 0.05 pct 0.05 pct 0.25 pct
last changed
(date of decision) Nov 01, 2012 Nov 01, 2012 Nov 01, 2012
former rate 0.25 pct 0.10 pct 0.75 pct
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CZECH GDP (pct) Q3-12/Q2-12 Q3-12/Q3-11
Real change -0.3(-0.3) -1.3(-1.5)
Final consumption -0.2 -1.7
Household -0.4 -2.4
Government 0.2 0.0
Gross capital formation -5.0 -9.4
Fixed -1.9 -2.3
Foreign trade
Exports 1.0 4.7
of goods 0.8 5.0
of services 2.4 3.0
Imports -0.4 1.6
of goods -0.9 0.2
of services 2.9 10.8
NOTE. GDP totalled 956.412 billion crowns for the third quarter in nominal
terms. Previous flash estimates in parenthesis.
CZECH GDP 2011 2010 2009 2008 2007
Real change pct 1.9 2.3 -4.4 2.9 5.7
CONSUMER INFLATION 12/12 11/12 12/11
pct change month/month 0.1 -0.2 0.4
pct change year/year 2.4 2.7 2.4
NOTE. The average rate of inflation over the past 12 months was 3.3 percent
through December.
CZECH BALANCE OF PAYMENTS 10/12 09/12 10/11 01-10/12
(CZK billion)
I. CURRENT ACCOUNT -16.12 -7.26 -2.59 -64.03
Trade balance 11.61 18.12 15.19 133.07
Balance of services 4.25 4.53 5.45 44.76
Income balance -31.75 -28.75 -19.79 -233.76
Current transfers -0.23 -1.16 -3.44 -8.10
II. CAPITAL ACCOUNT 47.17 0.30 3.28 54.17
III. FINANCIAL ACCOUNT -44.70 13.31 -20.92 10.79
Net Direct Investment 13.09 22.70 6.51 137.73
Czech abroad -4.40 -5.50 -1 82 -24.83
Into Czech Republic 17.49 28.20 8.33 162.56
Net Portfolio Investment 2.63 9.67 6.94 71.26
Assets -8.65 -2.67 -2.66 -24.10
Liabilities 11.28 12.35 9.59 95.35
Other Investments 5.93 -9.83 -31.07 -133.43
Change in foreign exchange
reserves (minus = growth) -68.44 -12.83 -2.37 -73.41
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS 13.65 -6.34 20.23 -0.92
NOTE. All 2012 figures are subject to revision. The 2011 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
CZECH STATE BUDGET 01-12/12 01-11/12 01-12/11
revenue (CZK bln) 1,051.39 961.34 1,012.76
expenditure 1,152.39 1,039.21 1,155.53
balance -101.00 -77.87 -142.77
NOTE. The full-year 2012 central state budget was approved with a gap of
105.0 billion crowns.
FOREIGN TRADE 11/12 10/12 11/11 01-11/12
(in bln CZK)
exports 277.65 285.47(282.11) 266.47 2,855.09
imports 242.18 250.29(249.14) 248.14 2,548.05
balance 35.47 35.18 (32.97) 18.32 307.04
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports 4.2 8.8 (7.5) 10.2 7.7
nominal imports -2.4 8.7 (8.2) 7.0 3.3
FOREIGN TRADE UNDER NATIONAL CONCEPT
(in bln CZK) 11/12 10/12 11/11
exports 229.54 236.85(234.69) 221.25
imports 223.80 230.54(229.92) 221.92
balance 5.74 6.31 (4.77) -0.67
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-DEC 12 END-NOV 12 END-DEC 11
euro bln 33.927 34.134 31.139
$ bln 44.762 44.333 40.291
CZK bln 852.930 862.226 803.393
NOTE. The bank said it did not sell any foreign currency in the spot foreign
exchange market operations in November. It bought foreign currency worth of
137.80 million euros in client operations in November.
CZECH M2 MONEY SUPPLY END-OCT 12 END-SEP 12 END-OCT 11
M1 change yr/yr 9.1 7.9 6.8
M2 change yr/yr 5.7 5.4 4.4
Loans to businesses
and households yr/yr 2.5 3.1 5.3
M2-M1 (deposits) yr/yr -1.5 0.0 -0.5
CZECH UNEMPLOYMENT 12/12 11/12 12/11
pct of workforce 9.4 8.7 8.6
number of available
jobless 530,994 493,208 491,958
total number of jobless 545,311 508,498 508,451
Note. The registered rate of unemployment, which shows the share of
unemployed people immediately able to start work versus all economically active
people, will be replaced by an indicator called 'the share of unemployed
persons'. The new indicator will show the share of unemployed people between the
ages of 15 and 64 immediately able to start work versus all working people in
the same demographic.
PRODUCER PRICES 11/12 10/12 11/11
Industrial prices
pct change month/month 0.1 0.2 0.4
pct change year/year 1.6 1.9 5.6
Construction prices
pct change month/month -0.1 0.0 0.0
pct change year/year -0.6 -0.6 -0.5
Agricultural prices
pct change month/month 1.7 1.9 -0.2
pct change year/year 14.6 12.5 5.3
Services
pct change month/month -0.3 0.5 -0.3
pct change year/year -1.0 -1.0 1.2
NOTE. All data are subject to further revision.
GOVERNMENT DEBT Q4/12 Q3/12 Q2/12 Q4/11
(CZK bln)
total 1,667.6 1,652.3 1,635.7 1,499.4
average maturity
(in years) 5.7 5.6 5.7 5.8
marketable debt 1,541.4 1,548.2 1,530.2 1,407.5
modified duration
(in years) 4.3 4.2 4.4 4.4
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 5.0-6.0 years.
AVG WAGE Q3/12 Q2/12 Q3/11 9M/12 9M/11
Monthly wage (nominal) 24,514 24,631 24,165 24,408 23,845
real change y/y (pct) -1.8 -1.1 0.6 -1.0 0.6
nominal change y/y 1.4 2.3 2.4 2.4 2.4
NOTE. All data are subject to further revision.
INDUSTRIAL OUTPUT 11/12 10/12 11/11 01-11/12
Real pct change y/y -3.9 4.1 4.0 -0.2
CONSTRUCTION OUTPUT
real pct change y/y -2.7 -4.3 -5.5 -5.3
NOTE. All data are subject to further revision.
RETAIL SALES 11/12 10/12 11/11 01-11/12
Real pct change y/y -1.8 2.2 0.7 -0.6
NOTE. All data are subject to further revision and are not seasonally
adjusted.
ECONOMIC FORECASTS: GDP CPI C/A FISCAL DATE
2012 2013 2012 2013 2012 2013 2012 2013
Finance Ministry -1.0 0.7 3.3 2.1 -1.3 -1.2 -3.2 -2.9 10/12
Czech central bank -0.9 0.2 3.3 2.3 -1.4 -1.4 -3.4 -2.6 11/12
NOTE. - GDP - Gross domestic product growth (pct yr/yr)
- CPI - Average inflation (pct)
- C/A - Current account (pct/GDP)
- FISCAL - Public sector deficit (pct/GDP)
- DATE - The date of the forecast release
((For Instant Views on key economic indicators, click on))
(Editing by Mirka Krufova)
Keywords: CZECH INDICATORS/
(prague.newsroom@reuters.com)(+420 224 190 477)(Reuters Messaging:)(mirka.krufova.thomsonreuters.com@reuters.net)
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