• Price of oil reached its peak again. Price of US light oil increased yesterday to a new historical maximum of USD 78.77/bbl and beat last July’s level. • At the end of July, Czech state budget reached surplus of CZK 19.7bn. Month July helped to increase of surplus. On the other hand, budget should slump to deficit of CZK 91.3bn until the end of this year. • Purchasing managers’ index (ISM) in US industry dropped in July to 53.8 from 56 in June which is below consensus of 55. • Purchasing managers’ index in eurozone declined as well, to 54.9 which is the lowest level for the last seventeen months. • In the 1H07, Czech Republic paid CZK 14.9bn into EU budget and drew CZK 17.1bn which means difference of CZK 2.1bn.