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INDICATORS - Czech Republic - October 8

(last updated on Oct 8 with Aug industrial and construction output,

Aug foreign trade and Sept unemployment) =============================================================================== KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD rate 0.25 pct 0.10 pct 0.75 pct last changed (date of decision) Sept 27, 2012 Sept 27, 2012 Sept 27, 2012 former rate 0.50 pct 0.25 pct 1.50 pct=============================================================================== CZECH GDP (pct) Q2-12/Q1-12 Q2-12/Q2-11 Real change -0.2(-0.2) -1.0(-1.2) Final consumption -1.1 -2.6 Household -1.1 -3.3 Government -1.1 -0.9 Gross capital formation 8.4 -5.2 Fixed 7.0 0.0 Foreign trade Exports -4.2 3.9 of goods -3.9 4.8 of services -6.3 -1.2 Imports -2.9 1.1 of goods -3.3 0.3 of services -0.3 6.4 CZECH GDP 2011 2010 2009 2008 2007 Real change pct 1.7 2.6 -4.5 2.9 5.7 CONSUMER INFLATION 08/12 07/12 08/11 pct change month/month -0.1 -0.1 -0.3 pct change year/year 3.3 3.1 1.7

NOTE. The average rate of inflation over the past 12 months was 3.1 percent through August.

CZECH BALANCE OF PAYMENTS 07/12 06/12 07/11 01-07/12 (CZK billion) I. CURRENT ACCOUNT -11.50 -6.82 -20.01 4.82 Trade balance 11.93 18.66 0.06 113.35 Balance of services 5.05 4.20 6.09 31.02 Income balance -25.06 -28.37 -22.46 -133.15 Current transfers -3.42 -1.32 -3.71 -6.39 II. CAPITAL ACCOUNT 0.69 0.04 0.03 1.34 III. FINANCIAL ACCOUNT -4.60 -3.75 -4.47 12.92 Net Direct Investment 16.70 -4.24 -3.99 65.74 Czech abroad -2.78 -1.03 -1.25 -13.55 Into Czech Republic 19.48 -3.22 -2.75 79.29 Net Portfolio Investment 15.08 4.87 1.68 55.33 Assets 12.65 0.54 6.69 -5.18 Liabilities 2.43 4.33 -5.01 60.51 Other Investments -40.73 -9.24 -0.48 -118.27 Change in foreign exchange reserves (minus = growth) 3.95 6.19 -0.47 7.30 IV. BALANCE OF OMISSIONS & EXCHANGE RATE ADJUSTMENTS 15.41 10.53 24.45 -19.08

NOTE. All 2012 figures are subject to revision. The 2011 figures are revised. The CNB releases the monthly figures according to ECB methodology.

CZECH STATE BUDGET 01-09/12 01-08/12 01-09/11 revenue (CZK bln) 757.14 665.12 741.87 expenditure 828.56 732.14 847.00 balance -71.41 -67.02 -105.14 NOTE. The full-year 2012 central state budget was approved with a gap of 105.0 billion crowns. FOREIGN TRADE 08/12 07/12 08/11 01-08/12 (in bln CZK) exports 237.52 244.75(242.95) 220.13 2,033.41 imports 220.62 220.43(217.10) 218.88 1,826.47 balance 16.90 24.33 (25.85) 1.25 206.94

DYNAMICS OF TRADE (pct y/y change in CZK terms)

nominal exports 7.9 11.1 (10.3) 11.4 8.9 nominal imports 0.8 5.8 (4.2) 11.2 4.0

FOREIGN TRADE UNDER NATIONAL CONCEPT

(in bln CZK) 08/12 07/12 08/11 exports 200.19 206.32(207.63) 183.96 imports 202.27 202.71(201.69) 198.38 balance -2.08 3.62 (5.94) -14.43 NOTE. All data are subject to further revision. Numbers may not add up due to rounding. CZECH FOREX RESERVES END-SEPT 12 END-AUG 12 END-SEPT 11 euro bln 31.478 31.734 30.133 $ bln 40.521 40.014 40.693 CZK bln 782.697 788.266 745.937 {TXT} NOTE. The bank said it sold foreign currency worth an equivalent of 92 million euros in the spot foreign exchange market operations in August. It bought foreign currency worth of 30.3 million euros in client operations in August. CZECH M2 MONEY SUPPLY END-JUNE 12 END-MAY 12 END-JUNE 11 M1 change yr/yr 8.4 7.8 8.7 M2 change yr/yr 6.5 6.1 2.3 Loans to businesses and households yr/yr 4.2 4.5 5.1 M2-M1 (deposits) yr/yr 2.4 2.6 -9.0 CZECH UNEMPLOYMENT 09/12 08/12 09/11 pct of workforce 8.4 8.3 8.0 number of available jobless 478,548 472,120 458,156

total number of jobless 493,185 486,693 475,115

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 08/12 07/12 08/11 Industrial prices pct change month/month 0.5 -0.3 -0.1 pct change year/year 1.9 1.3 5.7 Construction prices pct change month/month 0.0 0.0 -0.1 pct change year/year -0.4 -0.5 -0.5 Agricultural prices pct change month/month -0.9 -0.1 -3.0 pct change year/year 4.6 2.4 16.4 Services pct change month/month 0.0 -1.3 0.0 pct change year/year -0.9 -0.9 0.9

NOTE. All data are subject to further revision.

GOVERNMENT DEBT Q2/12 Q1/12 2011 Q2/11 (CZK bln) total 1,635.7 1,613.0 1,499.4 1,412.9 average maturity (in years) 5.7 5.7 5.8 6.0

marketable debt 1,530.2 1,521.5 1,407.5 1,345.4

modified duration (in years) 4.4 4.3 4.4 4.4

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 5.0-6.0 years.

AVG WAGE Q2/12 Q1/12 Q2/11 H1/12 H1/11 Monthly wage (nominal) 24,626 24,052 24,079 24,341 23,684 real change y/y (pct) -1.1 -0.4 0.6 -0.7 0.6 nominal change y/y 2.3 3.3 2.4 2.8 2.4

NOTE. All data are subject to further revision.

INDUSTRIAL OUTPUT 08/12 07/12 08/11 01-08/12 Real pct change y/y -3.1 4.2 5.3 0.6 CONSTRUCTION OUTPUT real pct change y/y -4.7 -0.5 -9.5 -5.4

NOTE. All data are subject to further revision.

08/12 07/12 08/11 01-08/12 RETAIL SALES (pct chg y/y) -0.8 0.3 3.0 -0.6 NOTE. All data are subject to further revision and are not seasonally adjusted. ECONOMIC FORECASTS: GDP CPI C/A FISCAL DATE 2012 2013 2012 2013 2012 2013 2012 2013 Finance Ministry -0.5 1.0 3.2 2.2 -2.2 -2.6 -3.2 -2.9 07/12 Czech central bank -0.9 0.8 3.4 2.2 -2.1 -1.4 -3.3 -2.4 08/12

NOTE. - GDP - Gross domestic product growth (pct yr/yr)

- CPI - Average inflation (pct)

- C/A - Current account (pct/GDP)

- FISCAL - Public sector deficit (pct/GDP)

- DATE - The date of the forecast release

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Keywords: CZECH INDICATORS/