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UK construction growth strongest in seven months: PMI LONDON: Construction output in Britain grew at its fastest pace in seven months in August, boosting job creation but also putting strain on suppliers, industry data showed on Tuesday.The monthly Markit/CIPS purchasing managers' index (PMI) for construction climbed to 64.0 in August from 62.4 in July, exceeding all the forecasts in a Reuters poll of economists.Output grew in each of the housing, commercial and civil engineering markets, Markit said.Readings above 50 indicate year-on-year growth in activity. Those below 50 represent contraction.British construction companies took a beating from the financial crisis and only began to grow strongly last year, helped by the economic recovery, low interest rates and programmes designed to boost demand for homes.But construction of new homes remains below levels needed to meet demand and the Bank of England has said that risks from the housing market pose the biggest domestic threat to the country's economic recovery.Employment growth in ...

Brazil's industrial output rises 0.7pc in July vs June RIO DE JANEIRO: Industrial production in Brazil rose 0.7 percent in July from June, government statistics agency IBGE said on Tuesday.It was the first advance for Brazilian industry after five straight months of declines and surpassed expectations for a 0.5 percent increase forecast in a Reuters survey of 20 analysts.July industrial production fell 3.6 percent from a year earlier.Copyright Reuters, 2014 ...
Spain jobless rate creeps back after summer boost MADRID: Spain's jobless queue lengthened slightly in August as the summer hiring boom tailed off but the indicator was stronger than a year ago, government figures showed Tuesday.The number of people in Spain registered as unemployed crept up by some 8,000 to 4.43 million in August compared to 4.42 in July, the figures from the employment ministry showed.August usually sees a rise in registered unemployed as temporary summer hires end.But in a sign of economic ...
Turkey's Babacan sees year-end inflation just above central bank forecast ISTANBUL: Turkey's inflation this year could go a little above the central bank's forecast of 7.6 percent, Deputy Prime Minister Ali Babacan told CNBC-e television on Tuesday. Babacan also said higher-than-expected inflation was not linked to the central bank's monetary policy but largely to drought and frost earlier in the year limiting food supplies and pushing up prices.Copyright Reuters, 2014 ...
Poland's 2014 deficit seen at 34bn zlotys, less than planned WARSAW: Poland's 2014 budget deficit may amount to 34 billion zlotys($10.62 billion), less than the planned 47.5 billion zlotys, a senior government source said on Tuesday. "The forecast used as an assumption for the 2015 budget draft says the 2014 deficit would amount to around 34 billion zlotys," the source said. Copyright Reuters, 2014 ...
Swiss economy stalls in second quarter ZURICH: Switzerland's economy stalled in the second quarter, with output unchanged from the first, dragged down by weaker exports and falling construction spending, data showed on Tuesday. Analysts polled by Reuters had forecast a quarterly growth rate of 0.5 percent. Gross domestic product rose by 0.6 percent year on year, missing expectations of 1.7 percent and down from a revised 2.1 percent in the prior quarter, the State Secretariat for Economics said. Switzerland's economy faces ...
Kazakhstan's July 1-Aug 30 grain exports fall to 740,200 tonnes ALMATY: Kazakhstan's grain exports fell to 740,200 tonnes between the beginning of this marketing year on July 1 and Aug. 30, from 970,200 tonnes in the same period a year earlier, Agriculture Ministry data showed on Tuesday. The exports included 373,400 tonnes of flour in grain equivalent versus 407,600 tonnes a year earlier. Exports of grain from Kazakhstan, Central Asia's largest producer and exporter of the commodity, increased to 8.709 million tonnes in the 2013/14 ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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