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Informa sees US all-wheat production at 2.046bn bushels CHICAGO: Informa Economics estimated US 2014 all-wheat production at 2.046 billion bushels, above the US Department of Agriculture's current estimate of 2.030 billion, the private analytics firm said on Friday in a note to clients.Informa pegged US 2014 winter wheat production at 1.392 billion bushels, slightly below the USDA's current estimate of 1.397 billion.By class, the firm estimated production of hard red winter wheat at 707 million bushels, soft red winter at 472 million bushels and winter white wheat at 213 million.Informa estimated production of spring wheat other than durum at 590 million bushels, above the USDA's estimate of 572 million.Informa pegged the durum wheat crop at 64 million bushels, above the USDA's estimate of 61 million. The USDA is scheduled to release updated estimates of US production of wheat and other small grains on Sept. 30.Copyright Reuters, 2014 ...

Canada inflation holds at 2.1pc OTTAWA: Canadians paid 2.1 percent more for goods and services in August than a year earlier, with rising prices led by higher shelter costs, the government statistical agency announced Friday.The inflation figure was in line with analysts' forecasts, following an identical hike in July prices.According to Statistics Canada, the costs of natural gas, mortgage insurance, telephone services, Internet access, fresh fruit and fresh vegetables, meat, beer, cigarettes and passenger vehicles were up in August.Gasoline prices, ...
Japan downgrades economic assessment as PM promises reform TOKYO: Japan on Friday downgraded its assessment of the economy for the first time in five months, as a string of weak data hammers hopes for a quick recovery following Tokyo's April sales tax hike.The monthly report acknowledged spending at home had stalled, throwing into question Tokyo's plans to hike sales taxes again next year.But it added that depressed conditions were due partly to poor weather -- Japan was inundated with heavy rainfall and a ...
Japan Q3 GDP forecasts cut, inflation stuck below BoJ target TOKYO: Japan's economy is likely to rebound less than previously expected this quarter, while inflation will stay below the central bank's target well into the future, a Reuters poll showed, compounding worries about the sputtering recovery. Economists in the Reuters poll trimmed their forecasts for July-September growth after the economy took a bigger hit than expected in the second quarter from a sales tax increase in April. This quarter's rebound is vital for policymakers.Prime Minister ...
Singapore August core inflation seen steady at 2.2pc y/y SINGAPORE: Singapore's annual core consumer inflation likely held steady at 2.2 percent in August, a Reuters poll showed, within the central bank's projections ahead of a policy review next month.The Monetary Authority of Singapore (MAS) has said that core inflation is expected to stay "elevated" at 2-3 percent in 2014, with domestic cost pressures likely to remain the main source of inflation at a time when the labour market has been tight.Against this backdrop, economists ...
US jobless claims data point to firming labor market WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration.While other data on Thursday showed some weakness in home building and factory activity, the underlying trend remained supportive of solid economic growth.Initial claims for state unemployment benefits dropped 36,000 to a seasonally adjusted 280,000 for the week ended Sept. 13, the lowest level since ...
IMF cuts Italy growth outlook, hikes deficit, debt ROME: Italy's economy will shrink in 2014 for a third year running, while the public debt will continue to rise, the International Monetary Fund said on Thursday, calling on Matteo Renzi's government to follow through on promised reforms.Gross domestic product will fall this year by 0.1 percent following declines of 1.9 percent in 2013 and 2.4 percent in 2012, the IMF said, cutting its previous forecast for growth of 0.3 percent, made at the end ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln