INDICATORS - Czech Republic - August 11

                                
       (last updated on Aug 8 with July inflation and unemployment
                                
              and June industrial and construction output)
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KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD
rate                    3.50 pct        2.50 pct        4.50 pct
last changed
 (date of decision)    Aug 7, 2008     Aug 7, 2008     Aug 7, 2008 
former rate             3.75 pct        2.75 pct        4.75 pct
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CZECH GDP (in pct)              Q1/08    Q4/07    Q1/07     2007
 Real change yr/yr               5.3      6.3      6.8       6.6
 Final consumption               2.1      3.6      4.7       4.2
  Household                      2.8      4.1      7.1       5.9
  Government                     0.7      2.5     -0.5       0.5
 Gross capital formation         7.1      5.5     11.0       9.6
  fixed capital formation        2.0      7.5      5.1       5.8
 Foreign trade balance           n/a      n/a      n/a       n/a
  exports of goods              13.3     12.5     18.3      15.4
  export of services            18.3     12.2      4.2       8.8
  imports of goods              12.7      9.7     19.0      14.9
  imports of services            7.3     12.0     -1.7       5.4
                                
 NOTE. All current data are seasonally adjusted and those from previous
quarters are revised. In the first quarter, GDP totalled 771.0 billion crowns in
seasonally adjusted constant prices of 2000.

CZECH BALANCE OF PAYMENTS      05/08    04/08    05/07  01-05/08
 (CZK billions)
I. CURRENT ACCOUNT            -11.68    -4.68   -16.43     10.69
 Trade balance                 12.06    11.33     7.99     65.11
 Balance of services            9.24     9.20     5.23     42.09
 Income balance               -32.22   -33.31   -28.14   -109.25
 Current transfers             -0.76     8.10    -1.51     12.74
II. CAPITAL ACCOUNT             0.14     8.94    -0.01     16.07
III. FINANCIAL ACCOUNT          3.09    -9.14    16.40    -32.86
 Net Direct Investment         13.16    10.50    12.65     44.51
  Czech abroad                 -1.41    -1.18    -0.96    -10.50
  Into Czech Republic          14.57    11.68    13.61     55.01
 Net Portfolio Investment      -8.34     5.31     2.43    -16.06
  Assets                       -2.79    -8.71    -9.19    -10.18
  Liabilities                  -5.55    14.02    11.62     -5.88
 Other Investments             -3.07    -6.61    -6.17    -24.93
 Change in foreign exchange
 reserves (minus = growth)      1.35   -18.34     4.81    -36.38
IV. BALANCE OF OMISSIONS &
 EXCHANGE RATE ADJUSTMENTS      8.45     4.87     0.04      6.09
                                
 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-JULY 08    END-JUNE 08    END-JULY 07
 euro bln                24.352         24.159         23.210
 $ bln                   38.012         38.086         31.815
 CZK bln                583.222        577.269        650.682
                                
 NOTE. The central bank said it sold foreign currency worth an equivalent of
63 million euros in spot foreign exchange market operations in June. It bought
foreign currency worth 15 million euros in client operations in June.
 
CZECH M2 MONEY SUPPLY     END-JUNE 08    END-MAY 08  END-JUNE 07
 M1 change yr/yr              9.7           6.1         15.0
 M2 change yr/yr              6.7           8.0         11.2
 Loans to businesses
  and households yr/yr       23.7          24.4         22.1
 M2-M1 (deposits)  yr/yr      2.7          10.6          6.6

CONSUMER INFLATION            JULY 08      JUNE 08     JULY 07
 pct change month/month         0.5          0.2         0.4
 pct change year/year           6.9          6.7         2.3
                                
 NOTE: The average rate of inflation over the past 12 months was 5.8 percent
in July.