(last updated on Nov 6 with key interest rates) -------------------------------------------------------------------------------

KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD

rate 2.75 pct 1.75 pct 3.75 pct

last changed
(date of decision) Nov 6, 2008 Nov 6, 2008 Nov 6, 2008
former rate 3.50 pct 2.50 pct 4.50 pct

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CZECH GDP (in pct) Q2/08 Q1/08 Q2/07 2007
Real change yr/yr 4.6 5.4 6.8 6.6
Final consumption 2.8 2.2 4.4 4.2
Gross capital formation -4.7 8.4 10.7 9.6
fixed capital formation 4.0 4.4 5.9 5.8

Foreign trade balance
exports of goods and services 13.5 13.6 14.4 14.6
imports of goods and services 8.9 12.2 14.0 13.8

NOTE. All current data are seasonally adjusted and those from previous quarters are revised. In the second quarter, GDP totalled 778.1 billion crowns in seasonally adjusted constant prices of 2000.

CONSUMER INFLATION 09/08 08/08 09/07

pct change month/month -0.2 -0.1 -0.3
pct change year/year 6.6 6.5 2.8

NOTE: The average rate of inflation over the past 12 months was 6.4 percent in September.

CZECH BALANCE OF PAYMENTS 08/08 07/08 08/07 01-08/08

(CZK billions)
I. CURRENT ACCOUNT -12.17 -0.31 -26.44 -44.69
Trade balance 6.08 10.16 2.47 99.40
Balance of services 4.74 5.36 5.25 52.99
Income balance -24.32 -11.66 -34.27 -196.96
Current transfers 1.33 -4.17 0.11 -0.11
II. CAPITAL ACCOUNT 0.90 0.55 0.79 21.19
III. FINANCIAL ACCOUNT 15.03 4.78 44.14 49.32
Net Direct Investment 11.14 15.89 12.11 106.91
Czech abroad -1.25 -1.36 -5.15 -12.77
Into Czech Republic 12.39 17.25 17.26 119.67
Net Portfolio Investment -1.25 15.45 -21.09 40.47
Assets -5.11 1.95 -14.04 -20.52
Liabilities 3.85 13.50 -7.05 60.99
Other Investments 9.04 -27.14 60.11 -57.84

Change in foreign exchange
reserves (minus = growth) -3.90 0.59 -3.66 -40.22

IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -3.76 -5.02 -18.49 -25.82

NOTE. All 2008 figures are subject to revision. The 2007 figures are revised. The CNB releases the monthly figures according to ECB methodology.

CZECH STATE BUDGET 01-10/08 01-09/08 01-10/07

revenue (CZK bln) 880.48 794.46 835.37
expenditure 869.54 783.98 808.17
balance 10.94 10.47 27.20

NOTE. The full-year 2008 budget was approved by parliament with a gap of 70.8 billion crowns. Following changes on June 30, the new deficit is planned at 71.34 billion crowns.

FOREIGN TRADE 09/08 08/08 09/07 01-09/08

(in bln CZK)
exports 223.74 178.31 212.95 1,895.88
imports 212.86 174.71 199.24 1,808.64
balance 10.88 3.59 13.72 87.24

DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports 5.1 -8.1 12.6 4.1
nominal imports 6.8 -10.1 9.6 3.3

NOTE. All data are subject to further revision. Numbers may not add up due to rounding.

CZECH FOREX RESERVES END-SEPT 08 END-AUG 08 END-SEPT 07

euro bln 25.421 25.090 23.183
$ bln 36.358 36.975 32.866
CZK bln 626.999 620.595 639.969

NOTE. The central bank said it sold foreign currency worth an equivalent of 63 million euros in spot foreign exchange market operations in August. It bought foreign currency worth 68.1 million euros in client operations in August.

CZECH M2 MONEY SUPPLY END-SEP 08 END-AUG 08 END-SEP 07

M1 change yr/yr 10.0 7.5 13.2
M2 change yr/yr 8.1 8.3 11.0

Loans to businesses
and households yr/yr 21.3 21.8 24.2
M2-M1 (deposits) yr/yr 5.7 9.5 8.1

CZECH UNEMPLOYMENT 09/08 08/08 09/07

pct of workforce 5.3 5.3 6.2

number of available
jobless 297,336 297,819 340,371
total number of jobless 314,558 312,333 364,978

NOTE. The number of available jobless shows how many people registered as unemployed by labour offices are able to start work shortly. The total number of jobless is for all jobless registered by labour offices.

PRODUCER PRICES 09/08 08/08 09/07

Industrial prices
pct change month/month -0.1 0.4 0.1
pct change year/year 5.5 5.7 4.0

Construction prices
pct change month/month 0.3 0.4 0.4
pct change year/year 4.6 4.7 4.1

Agricultural prices
pct change month/month -6.1 -9.8 4.3
pct change year/year -4.4 6.3 18.1

Services
pct change month/month 1.2 0.0 0.9
pct change year/year 0.4 3.6 1.6

NOTE. All 2008 data are subject to further revision.

GOVERNMENT DEBT 9M/08 H1/08 Q1/08 9M/07

(CZK bln)
total 925.5 933.3 860.1 842.7

average maturity
(in years) 7.0 6.8 6.7 6.5
marketable debt 879.1 893.1 823.6 803.3
modified duration
(in years) 4.6 4.1 4.1 4.1

NOTE. Data show levels as of the end of the period listed. The modified duration figure stands for marketable debt only and includes the Finance Ministry's interest rate swap transactions. Average maturity was within the ministry's target of 6.0-7.0 years.

CZECH AVG WAGE Q2/08 Q1/08 Q2/07 Q1-Q2/08 Q1-Q2/07

Monthly wage (nominal) 23,182 22,497 21,464 22,840 20,940
real change y/y (pct) 1.1 2.6 4.9 1.9 5.5
nominal change y/y 8.0 10.2 7.4 9.1 7.6
Private sector in CZK 23,692 23,142 21,675 23,418 21,171
real change y/y (pct) 2.3 4.3 5.3 3.3 5.9
nominal change y/y 9.3 12.0 7.8 10.6 8.0
Public sector in CZK 21,344 20,157 20,720 20,753 20,125
real change y/y (pct) -3.6 -3.9 3.6 -3.7 4.1
nominal change y/y 3.0 3.2 6.1 3.1 6.2

NOTE. All data are subject to further revision.

INDUSTRIAL OUTPUT 08/08 07/08 08/07 01-08/08

Real pct change y/y -2.6 6.7 7.2 5.0
Industrial sales -2.8 7.0 9.8 4.8
Productivity -2.3 6.2 6.8 2.9

Monthly wage
avg nominal 4.2 9.2 7.0 9.2
avg real -2.1 2.2 4.5 2.1

NOTE. All data are subject to further revision. Seasonally-adjusted industrial output was up 0.5 percent month-on-month.

CONSTRUCTION OUTPUT 08/08 07/08 08/07 01-08/08

real pct change y/y -1.2 6.9 2.9 1.2

Monthly wage
avg nominal 4.1 15.5 7.4 11.4
avg real -2.3 8.0 4.9 4.1

Productivity
y/y change in pct -0.3 9.0 4.6 1.6

Construction permits
y/y pct chg 4.2 13.5 -17.0 8.2

NOTE. All figures are subject to further revision. Seasonally-adjusted construction output dipped 0.1 percent from the previous month.

RETAIL SALES (pct chg y/y) -3.3 3.6 7.1 1.8

((For Instant Views on key economic indicators, click on)) (Editing by Mirka Krufova)

(prague.newsroom@thomsonreuters.com; +420 224 190 477; Reuters Messaging: mirka.krufova.reuters.com@reuters.net)

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