(Repeats story published on Nov 8)
* WHAT: Czech third quarter GDP flash estimate
* WHEN: November 12 at 9.00 a.m. (0800GMT)
* REUTERS FORECAST: Czech third quarter gross domestic
product median rise of 0.6 percent q/q vs 0.9 percent in Q2
2010, 2.5 percent yr/yr vs 2.4 percent in Q2, FY GDP median 2.0
percent. Eighteen analysts participated in the poll.
FACTORS TO WATCH: Czech gross domestic product is expected
to expand year-on-year for the third quarter running after four
contractions.
Quarter-on-quarter, it is seen rising for the fifth straight
time, albeit more slowly than in the previous April-June
quarter, due to weaker household consumption.
"We expect household consumption to have somewhat corrected
its positive contribution to overall GDP growth after the
better-than-expected performance observed in the first and the
second quarter," said Radomir Jac, chief economist at Generali
PPF Asset Management.
Imports rose faster than exports in the July-Sept period,
which was partly thanks to a boom in solar power plant
construction peaking in the second half due to generous
government subsidies expiring at the end of this year.
But the solar boom also meant a substantial growth in
investments, which offset the negative impact of high imports on
the third quarter GDP reading.
Last week, the Czech central bank raised its outlook for
this year's growth to 2.3 percent from 1.6 percent seen
previously.
The bank expects the third quarter figure to be 2.7 percent
year-on-year and 0.8 percent quarter-on-quarter, which analysts
said was overly optimistic.
The bank also revised sharply down its outlook for 2011
growth to 1.2 percent from 1.8 percent, due to a government
retrenchment. Analysts said that forecast was too pesimistic.
The downward revision was seen as one reason why the bank
revised its timing for an expected rise in market rates, seen as
proxy for policy rates, to late 2011.
Poland, Hungary, Romania, Bulgaria, and Slovakia are also
due to release their GDP flash estimates on Nov 12.
Detailed Czech GDP structure will be released on Dec 9.
For GDP estimates table ................. []
The Czech Statistics bureau website ..... www.czso.cz
All Czech economic data: <ECONALLCZ>
Central and Eastern Europe market report: []
(Reporting by Mirka Krufova, writing by Jana Mlcochova, editing
by Catherine Evans)
