(last updated on Sept 15 with Aug producer prices)
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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 08/09 07/09 08/08
pct change month/month -0.2 -0.4 -0.1
pct change year/year 0.2 0.3 6.5
NOTE: The average rate of inflation over the past 12 months was 2.6 percent
in August.
CZECH BALANCE OF PAYMENTS 07/09 06/09 07/08 01-07/09
(CZK billion)
I. CURRENT ACCOUNT -3.06 -18.79 -5.36 -8.87
Trade balance 14.40 21.83 9.29 105.88
Balance of services 3.48 3.37 6.79 34.18
Income balance -18.29 -41.26 -16.12 -147.36
Current transfers -2.65 -2.73 -5.32 -1.57
II. CAPITAL ACCOUNT 4.96 -0.33 0.67 25.07
III. FINANCIAL ACCOUNT 11.57 31.20 10.71 -7.23
Net Direct Investment 12.42 -2.95 15.86 24.02
Czech abroad -2.63 -4.11 -2.49 -37.65
Into Czech Republic 15.05 1.16 18.35 61.67
Net Portfolio Investment -3.45 10.58 15.45 69.73
Assets 1.50 9.90 1.95 33.75
Liabilities -4.95 0.68 13.50 35.98
Other Investments 7.91 19.49 -20.28 -45.45
Change in foreign exchange
reserves (minus = growth) -4.89 4.16 0.59 -47.09
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -13.47 -12.09 -6.01 -8.97
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 01-08/09 01-07/09 01-08/08
revenue (CZK bln) 643.91 586.80 691.40
expenditure 733.49 662.96 686.08
balance -89.58 -76.16 5.32
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 forecast an overall public sector
deficit of 5.5 percent of gross domestic product in July, although officials
this week said it would be 7.4 percent.
FOREIGN TRADE 07/09 06/09 07/08 01-07/09
(in bln CZK)
exports 169.53 185.22(185.80) 206.50 1,219.19
imports 157.28 165.75(165.37) 199.90 1,129.80
balance +12.25 +19.47(+20.43) +6.60 +89.38
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports -17.9 -15.5 (-15.1) n/a -19.1
nominal imports -21.3 -19.3 (-19.3) n/a -21.3
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-AUG 09 END-JULY 09 END-AUG 08
euro bln 27.359 27.518 25.090
$ bln 39.049 38.916 36.975
CZK bln 694.374 703.759 620.595
NOTE. The central bank said it sold foreign currency worth an equivalent of
88 million euros in spot foreign exchange market operations in July. It bought
foreign currency worth 192.92 million euros in client operations in July.
CZECH M2 MONEY SUPPLY END-JULY 09 END-JUNE 09 END-JULY 08
M1 change yr/yr 7.1 8.7 6.8
M2 change yr/yr 5.3 7.1 8.4
Loans to businesses
and households yr/yr 6.3 7.3 22.0
M2-M1 (deposits) yr/yr 2.9 4.9 10.6
