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Australia's trade drags on growth, housing a help SYDNEY: Australia's current account deficit widened sharply in the three months to June as export growth stalled and imports rebounded, a swing that was set to be the single biggest drag on economic growth in the quarter. Tuesday's data from the Australian Bureau of Statistics also showed government spending stayed subdued in the second quarter amid much talk of fiscal belt-tightening, pointing to a sub-par performance for the economy as a whole. But there was better news on the current quarter, with approvals to build new homes surprisingly strong in July as record-low mortgage rates and rising house prices pumped up supply. The latest rush of data comes just before the Reserve Bank of Australia (RBA) releases the outcome of its September policy meeting at 0430 GMT. The central bank is widely expected to keep its benchmark rate at 2.5 percent, extending the steady run to over a year, and ...

Malaysia's August palm oil exports fall 4.8pc m/m KUALA LUMPUR: Exports of Malaysian palm oil products in August fell 4.8 percent to 1,288,117 tonnes from 1,353,516 tonnes shipped in July, cargo surveyor Intertek Testing Services (ITS) said on Tuesday. Copyright Reuters, 2014 ...
South Korea inflation slows to 1.4pc in August SEOUL: South Korea's inflation rate slowed to 1.4 percent in August, helped by stable prices of farming goods, government data showed Tuesday.The increase in the consumer price index was compared to a 1.6 percent gain in July. It was the slowest growth pace since April when consumer prices rose 1.5 percent.Stable consumer prices last month helped the Bank of Korea cut interest rates by 25 basis points to 2.25 percent -- the lowest since November ...
Brazil posts trade surplus of $1.168bn in August BRASILIA: Brazil posted a trade surplus of $1.168 billion in August, above market forecasts, in its sixth straight positive result this year, government data showed on Monday.The median forecast of 13 analysts surveyed by Reuters was for a surplus of $300 million in August. The country posted a surplus of $1.58 billion in July.Copyright Reuters, 2014 ...
UK manufacturing growth ebbs, denting hopes for balanced recovery LONDON: Britain's manufacturing revival slowed sharply last month as the Ukraine crisis crimped demand from abroad, further denting hopes for a more balanced economic recovery.Factory orders from home and abroad rose at the slowest pace in more than a year, according to the Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI), which fell to its lowest level since June 2013.Separate data from the Bank of England showed a sharp increase in lending to consumers in June.Taken ...
India's balance of payments rises on robust dollar inflows MUMBAI: India's balance of payments was in surplus for a third straight quarter in April-June, even though the current account deficit widened sharply from the previous quarter due to rising imports, data showed on Monday.The balance of payments was boosted by strong dollar inflows. India has seen a surge in short-term dollar inflows, widely known as portfolio flows, this year as investor confidence improved after the current account gap narrowed and on expectations of a ...
Eurozone manufacturing slows further in August BRUSSELS: Manufacturing in the eurozone slumped in August to a 13-month low, a closely watched survey showed on Monday, in a further sign that recovery is faltering and that tensions with Russia are taking their toll.Markit's purchasing managers' index (PMI) measure of output in the eurozone's manufacturing sectors fell to a figure of 50.7 in August, according to the final estimate.That was still above the 50-point boom-or-bust mark and it compared with the previous flash ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln