INSTANT VIEW 1-Czech Oct trade surplus beats forecasts

...exports jumped to  
record highs. 
************************************************************** 
KEY POINTS: 
(in bln CZK)           Oct         Sept        Oct fcast 
 balance               8.61      13.93 (14.37)    6.3 
(nominal y/y change in pct) 
 exports              13.6       12.3  (11.0)     n/a 
 imports              11.5        9.2   (7.6)     n/a 
 
 (For full table of trade data, click on........[nPRA001642]) 
 
- According to seasonally-adjusted preliminary data, exports 
dipped 2.7 percent in October from September while imports rose 
5.0 percent month-on-month. 
- In euro terms, exports jumped 17.6 percent and imports by 15.4 
percent year-on-year in October, outpacing the rise in local 
currency terms because of a strengthening in the crown. 
- There was a 1.8 billion year-on-year improvement in the 
balance of trade in resources and a 1.6 billion improvement in 
the trade with mineral fuels.  
    There was a 49.3 percent drop in crude oil imports. The 
country's main refinery was shut down for maintenance in 
October. 
- Surplus in the consumer goods category rose by 1.5 billion, in 
machinery and vehicles by 1.4 billion. 
- Rolling 12-month trade surplus reached 77.1 billion, up by 
40.2 billion compared with the previous 12 months. 
 
BACKGROUND: 
- Market expectations before release             [ID:nL28651725] 
- Slovak September trade figures                 [ID:nL09391214] 
- Polish trade in September                      [ID:nL13288523] 
- Report on last Czech c.bank rate decision      [ID:nL29206268] 
                                  [ID:nPRA001631] [ID:n29679528] 
 
- For further details on October foreign trade and other past 
data, Reuters 3000 Xtra users can click on the Czech Statistical 
Bureau's website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-vzo 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data click on        [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                       
 
 (Reporting by Jan Lopatka; editing by David Stamp) 
  
 ($1=17.83 Czech Crown) 
  Keywords: CZECH TRADE/  
    

[PRAGUE/Reuters/Finance.cz]