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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 ...
Greece close to emerging from recession: official data ATHENS: The Greek economy, in recession for six years, shrank again in the second quarter of this year, but by only 0.3 percent, revised data showed on Monday.The revised outcome from the statistics office Elstat was slightly worse than an initial estimate of minus 0.2 percent, but shows that the downturn is running out of steam, notably since the third quarter of last year.The government forecasts that from now on the economy will show slight ...
Investments a priority if German growth continues: Merkel BERLIN: Investments will take priority if Germany has money available but the government first has to see how the economy develops, Chancellor Angela Merkel said on Monday after Europe's largest economy posted a budget surplus in the first half of 2014."First we have to see if the economic forecasts remain as they are. If we have more money, if in doubt we will spend it in the area of investment," she told a news conference. ...
Kenya inflation jumps in August, raises likelihood of interest rate hike NAIROBI: Rising food prices helped push up Kenya's inflation rate in August to its highest level since June 2012, the statistics office said on Monday, making it more likely that the central bank will lift interest rates in coming months.Year-on-year inflation rose to 8.36 percent in August from 7.67 percent in the previous month, the Kenya National Bureau of Statistics said in a statement.On a monthly basis, inflation rose 0.94 percent from July."With the (central ...


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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