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Euro zone business growth slows in August, prices fall: PMI LONDON: Euro zone private business growth slowed more than expected in August, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday.Euro zone economic growth ground to a halt in the second quarter, dragged down by a shrinking economy in Germany and a stagnant France, even before any impact from sanctions imposed on and by Russia over Ukraine.Markit's Composite Purchasing Managers' Index (PMI) will provide gloomy reading for the European Central Bank (ECB), suggesting its two biggest economies are struggling like smaller members.Based on surveys of thousands of companies across the region and a good indicator of overall growth, the Composite Flash PMI fell to 52.8 from July's 53.8, far short of expectations in a Reuters poll for a modest dip to 53.4.However, readings above 50 still indicate expansion. Markit said the data point to third-quarter economic growth of 0.3 percent, matching predictions ...

UK retail sales growth weakens in July LONDON: British retail sales grew in July at a weaker pace than expected, according to official data on Thursday.Separate government finances data showed an unexpected deficit in July for the second year running, continuing the weak start to this tax year and leaving the government more catching up to do to meet its fiscal goals.Retail sales volumes rose 0.1 percent on the month to show 2.6 percent growth on the year, according to the Office ...
Indian economy to grow 5.8pc in 2014/15 NEW DELHI: India's economy is on course to grow by around 5.8 percent in the fiscal year to March 2015, the finance ministry's top official said on Thursday, expressing confidence that "green shoots" of recovery were taking hold.Finance Secretary Arvind Mayaram told an industry event that industrial production data suggested that corporate order books are building up.Mayaram said he hoped that the Reserve Bank of India would not hold interest rates high for longer than ...
UK retail sales growth falls to 8-month low, public finances weak LONDON: British retail sales grew in July at the slowest annual rate since November last year, while the government failed to make major inroads into a looming overshoot in public borrowing, data showed on Friday.The figures add to signs that Britain's consumer-led recovery might be starting to slow, and leave the government with a lot of catching up to do if it is to meet full-year borrowing targets in the run-up to May's national election.Monthly ...
Business growth slows in China and Europe, Russia sanctions still to bite LONDON/BEIJING: Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.Euro zone private business activity expanded slower than expected in August, despite widespread price cutting. This is before the full effects of sanctions imposed on and by Russia over Ukraine are felt.Meanwhile, China's manufacturing activity hit a three-month low in August and ...
Sri Lanka exports jump on EU, US demand for garments COLOMBO: Sri Lanka's trade deficit narrowed substantially this year thanks to increased demand for clothing exports to the United States and Europe, the island's central bank said Thursday.Exports jumped 16.8 percent to $5.44 billion in the first six months of calendar 2014 compared to the same period last year, the Central Bank of Sri Lanka said.Imports meanwhile declined 1.2 percent to $8.99 billion compared to the same period last year, the bank said.Overall, the trade ...
British retail sales rise 0.1pc in July: official data LONDON: British retail sales grew by a weaker-than-expected 0.1 percent in July from the level in June, official data showed on Thursday.Retail sales, a key indicator of household spending confidence, also rose 2.6 percent compared with July 2013, the Office for National Statistics said in a statement.The data missed market expectations for a monthly gain of 0.5 percent and an annual jump of 3.1 percent, according to analysts polled by Dow Jones Newswires.Copyright AFP (Agence ...

 



 
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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 15, 2014
Reserves $14.264 bln