(last updated on July 31 with end-June money supply
and preliminary June industrial output)
-------------------------------------------------------------------------------
KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 1.50 pct 0.50 pct 2.50 pct
last changed
(date of decision) May 07, 2009 May 07, 2009 May 07, 2009
former rate 1.75 pct 0.75 pct 2.75 pct
===============================================================================
CZECH GDP (in pct) Q1/09 Q4/08 Q1/08 2008
Real change yr/yr -3.4 -0.1 3.8 2.8
Final consumption 3.6 1.8 1.8 2.3
Household 3.0 2.4 2.8 2.7
Government 5.2 0.5 -0.3 1.7
Gross capital formation -16.2 1.0 -1.1 -2.1
fixed capital formation -3.4 -2.1 0.5 -0.1
Foreign trade balance
exports of goods -21.7 -9.4 14.7 5.0
export of services -12.7 8.2 25.6 14.3
imports of goods -21.5 -6.8 13.2 3.8
imports of services -4.7 1.6 13.6 7.8
NOTE. All current data are seasonally adjusted and those from previous
quarters are revised.
CONSUMER INFLATION 06/09 05/09 06/08
pct change month/month 0.0 0.0 0.2
pct change year/year 1.2 1.3 6.7
NOTE: The average rate of inflation over the past 12 months was 3.7 percent
in June.
CZECH BALANCE OF PAYMENTS 05/09 04/09 05/08 01-05/09
(CZK billion)
I. CURRENT ACCOUNT -11.72 9.89 -9.70 22.93
Trade balance 13.88 14.28 12.51 70.95
Balance of services 6.48 6.52 8.03 28.48
Income balance -28.76 -15.89 -28.56 -84.08
Current transfers -3.32 4.97 -1.67 7.58
II. CAPITAL ACCOUNT 1.54 3.40 0.14 20.51
III. FINANCIAL ACCOUNT 4.84 -11.31 0.74 -46.40
Net Direct Investment -2.26 10.84 20.19 26.16
Czech abroad -10.91 -3.64 -2.33 -33.00
Into Czech Republic 8.66 14.48 22.52 59.15
Net Portfolio Investment 44.21 12.98 -8.34 60.23
Assets 2.64 1.77 -2.79 15.87
Liabilities 41.57 11.21 -5.55 44.35
Other Investments -33.34 -25.00 -11.80 -78.93
Change in foreign exchange
reserves (minus = growth) -3.03 -7.15 1.35 -46.36
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS 5.34 -1.97 8.82 2.96
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 01-06/09 01-05/09 01-06/08
revenue (CZK bln) 506.69 400.03 536.57
expenditure 574.95 471.44 542.22
balance -68.26 -71.41 -5.65
NOTE. The full-year 2009 central state budget was approved by parliament
with a gap of 38.1 billion crowns but is expected to reach about 150 billion due
to the impact of the global financial crisis.
FOREIGN TRADE 05/09 04/09 05/08 01-05/09
(in bln CZK)
exports 165.02 173.65 209.35 862.56
imports 153.30 161.70 199.61 803.57
balance +11.71 +11.95 +9.73 +58.99
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports -21.2 -22.8 2.1 -20.1
nominal imports -23.2 -26.0 -0.4 -21.9
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-JUNE 09 END-MAY 09 END-JUNE 08
euro bln 27.171 27.369 24.159
$ bln 38.402 38.595 38.086
CZK bln 703.454 734.308 577.269
NOTE. The central bank said it sold foreign currency worth an equivalent of
72 million euros in spot foreign exchange market operations in May. It sold
foreign currency worth 1.17 million euros in client operations in May.
CZECH M2 MONEY SUPPLY END-JUNE 09 END-MAY 09 END-JUNE 08
M1 change yr/yr 8.7 8.3 9.7
M2 change yr/yr 7.1 7.3 6.7
Loans to businesses
and households yr/yr 7.2 9.5 23.7
M2-M1 (deposits) yr/yr 4.9 6.0 2.7
