(last updated on Nov 11 with Sept industrial and construction output
and end-Sept balance of payments)
-------------------------------------------------------------------------------
KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 1.25 pct 0.25 pct 2.25 pct
last changed
(date of decision) Aug 06, 2009 Aug 06, 2009 Aug 06, 2009
former rate 1.50 pct 0.50 pct 2.50 pct
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CZECH GDP (in pct) Q2/Q1 Q1/Q4 Q209/Q208 Q109/Q108
Real change 0.1 -4.8 -5.5 -4.5
Final consumption 0.2 0.5 1.9 2.6
Household 0.3 0.4 1.6 1.8
Government -0.2 0.8 2.7 4.3
Gross capital formation -8.7 -23.5 -24.9 -18.1
fixed capital formation -1.2 -3.9 -7.2 -7.5
Foreign trade
Exports 1.1 -7.3 -16.6 -19.2
of goods 1.6 -9.3 -19.3 -22.2
of services -1.6 3.9 1.1 1.4
Imports -1.6 -8.8 -17 0 -18.3
of goods -2.2 -11.2 -20.3 -21.6
of services 1.8 8.6 8.4 7.5
NOTE. All current data are seasonally adjusted and those from previous
quarters are revised. In the second quarter, GDP totalled 725.9 billion crowns
in seasonally adjusted constant prices of 2000.
CONSUMER INFLATION 10/09 09/09 10/08
pct change month/month -0.2 -0.4 0.0
pct change year/year -0.2 0.0 6.0
NOTE: The average rate of inflation over the past 12 months was 1.6 percent
in October.
CZECH BALANCE OF PAYMENTS 09/09 08/09 09/08 01-09/09
(CZK billion)
I. CURRENT ACCOUNT -3.69 -8.46 -11.12 -21.01
Trade balance 20.13 12.49 13.64 138.51
Balance of services 3.86 3.60 6.64 41.64
Income balance -23.91 -19.65 -28.84 -190.92
Current transfers -3.78 -4.89 -2.56 -10.24
II. CAPITAL ACCOUNT 0.23 0.15 0.35 25.45
III. FINANCIAL ACCOUNT 9.03 22.01 25.06 23.80
Net Direct Investment -7.63 4.14 15.59 20.53
Czech abroad -10.63 -2.73 -4.74 -51.02
Into Czech Republic 3.00 6.87 20.33 71.54
Net Portfolio Investment 9.80 11.07 -5.80 90.60
Assets 10.78 3.71 -3.53 48.24
Liabilities -0.98 7.36 -2.27 42.36
Other Investments 6.78 2.30 14.42 -36.37
Change in foreign exchange
reserves (minus = growth) 1.09 4.47 1.88 -41.52
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -5.56 -13.70 -14.28 -28.23
NOTE. All 2009 figures are subject to revision. The 2008 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
CZECH STATE BUDGET 01-10/09 01-09/09 01-10/08
revenue (CZK bln) 809.83 726.78 880.48
expenditure 947.92 814.07 869.54
balance -138.09 -87.30 10.94
NOTE. The full-year 2009 central state budget was approved by parliament
with a gap of 38.1 billion crowns. The government is aiming to keep the gap
below 170 billion crowns. The Finance Ministry's October forecast sees the 2009
overall public sector deficit at 6.6 percent of GDP.
FOREIGN TRADE 09/09 08/09 09/08 01-09/09
(in bln CZK)
exports 192.14 158.33 223.21 1,569.66
imports 174.38 147.73 212.74 1,451.91
balance +17.76 +10.60 +10.47 +117.75
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports -13.9 -8.8 4.8 -17.5
nominal imports -18.0 -14.2 6.8 -20.2
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-OCT 09 END-SEPT 09 END-OCT 08
euro bln 27.944 28.054 26.618
$ bln 41.354 41.099 33.961
CZK bln 739.526 705.990 644.957
NOTE. The bank said it sold foreign currency worth an equivalent of 84
million euros in spot foreign exchange market operations in September. It bought
foreign currency worth 216.34 million euros in client operations in September.
CZECH M2 MONEY SUPPLY END-SEPT 09 END-AUG 09 END-SEPT 08
M1 change yr/yr 8.3 10.2 10.0
M2 change yr/yr 4.3 4.0 8.2
Loans to businesses
and households yr/yr 2.8 4.4 21.3
M2-M1 (deposits) yr/yr -1.3 -4.2 5.7
