INDICATORS - Czech Republic - May 12

                                
   (last updated on May 12 with April inflation and unemployment
                                
                and March industrial output)
-------------------------------------------------------------------------------
KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD
rate                    3.75 pct        2.75 pct        4.75 pct
last changed
 (date of decision)    Feb 7, 2008     Feb 7, 2008     Feb 7, 2008 
former rate             3.50 pct        2.50 pct        4.50 pct
===============================================================================
CZECH GDP (in pct)              Q4/07    Q3/07    Q4/06     2007
 Real change yr/yr               6.6      6.3      6.2       6.5
 Final consumption               3.7      3.9      4.7       4.2
  Household                      4.0      5.7      6.2       5.7
  Government                     3.1     -0.3      1.4       0.9
 Gross capital formation         7.1     10.1      9.8       9.2
  fixed capital formation        8.0      5.5      5.2       6.1
 Foreign trade balance           n/a      n/a      n/a       n/a
  exports of goods              13.1     16.1     18.6      15.3
  export of services             8.5     12.3     -0.7       9.0
  imports of goods              10.6     15.7     18.6      14.6
  imports of services            6.6     11.0     -1.1       6.5
                                
 NOTE. In the fourth quarter, GDP totalled 930.4 billion crowns in nominal
terms. In the full year 2007, GDP totalled 3,557.7 billion crowns in nominal
terms. All data from previous quarters are revised.

CZECH BALANCE OF PAYMENTS      02/08    01/08    02/07  01-02/08
 (CZK billions)
I. CURRENT ACCOUNT             11.78     4.82     7.09     16.60
 Trade balance                 17.07    15.17    15.25     32.23
 Balance of services            4.14     4.44     3.92      8.58
 Income balance               -13.07   -12.89   -11.76    -25.96
 Current transfers              3.65    -1.90    -0.33      1.75
II. CAPITAL ACCOUNT             1.62     4.96     1.14      6.58
III. FINANCIAL ACCOUNT         -5.63    -3.14     0.74     -8.77
 Net Direct Investment         12.88    18.25     4.08     31.13
  Czech abroad                 -0.96    -0.73    -1.67     -1.68
  Into Czech Republic          13.84    18.97     5.75     32.81
 Net Portfolio Investment      -2.68    -5.91     1.00     -8.59
  Assets                       -3.05    -5.80    -7.47     -8.84
  Liabilities                   0.37    -0.11     8.47      0.26
 Other Investments             -8.04    -6.96    -5.35    -15.00
 Change in foreign exchange
 reserves (minus = growth)     -7.79    -8.51     1.04    -16.30
IV. BALANCE OF OMISSIONS &
 EXCHANGE RATE ADJUSTMENTS     -7.77    -6.65    -8.96    -14.41
                                
 NOTE. All 2008 figures are subject to revision. The 2007 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
 
CZECH FOREX RESERVES    END-APR 08     END-MAR 08     END-APR 07
 euro bln                24.661         24.016         23.577
 $ bln                   38.328         37.972         32.076
 CZK bln                621.712        608.456        663.110
                                
 NOTE. The central bank said it sold foreign currency worth an equivalent of
57 million euros in spot foreign exchange market operations in March. It bought
foreign currency worth 96.7 million euros in client operations in March.
 
CZECH M2 MONEY SUPPLY      END-FEB 08    END-JAN 08   END-FEB 07
 M1 change yr/yr              9.9          13.2         14.8
 M2 change yr/yr             10.3          11.0         10.6
 Loans to businesses
  and households yr/yr       25.6          26.0         20.3
 M2-M1 (deposits)  yr/yr     10.9           8.0          5.5

CONSUMER INFLATION            APRIL 08     MARCH 08    APRIL 07
 pct change month/month         0.4         -0.1         0.7
 pct change year/year           6.8          7.1         2.5
                                
 NOTE. The CSU added the sliding average rate of inflation over the past 12
months was 4.7 percent in April.