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UK retail sales growth rebounds in March: CBI LONDON: British retail sales growth rebounded in March after almost grinding to a halt in February, although optimism about sales in the coming month waned, an industry survey showed on Thursday.The Confederation of British Industry's retail sales balance rose to +18 in March, slightly above economists' expectations for +15, from +1 in February, which was the weakest reading since November 2013.Sales growth for chemists hit a near 17-year high this month, while furniture and carpet businesses also reported solid growth, the CBI said."Sales have recovered following a tough month in February for retailers, and we expect solid growth to continue through Easter," said Rain Newton-Smith, director of economics at the CBI.Sales expectations for next month fell to +21 from +27 in March, the lowest level since February last year, though Newton-Smith was still relatively upbeat about the sector."The outlook ahead is looking bright, with household incomes buoyed by zero inflation ...

German real wages post record 1.7pc increase in 2014 BERLIN: German real wages posted their largest increase in 2014 since the data was first collected in 2008, Germany's statistics office said on Thursday, in the latest positive sign for private consumption in Europe's largest economy.Real wages rose by 1.7 percent on the year, the office said, revising up its preliminary estimate by 0.1 percentage points. They had fallen by 0.l percent in 2013.A full-time worker in Germany earned an average of 46,575 euros before ...
French 2014 public deficit cut to 4pc PARIS: France's public deficit in 2014 stood at 4.0 percent of gross domestic product, instead of the 4.4 percent estimated previously, the national statistics agency said on Thursday.Finance Minister Michel Sapin hailed the unexpected figures, saying they raised the possibility the public deficit in 2015 could stand at 3.8 percent of GDP instead of the 4.1 percent currently estimated.The 2013 public deficit in France, the eurozone's second-largest economy, stood at 4.1 percent of GDP.Under European ...
German consumer confidence hits 13-year high: survey FRANKFURT: Consumer confidence in Germany is at its highest since late 2001, as the weaker euro and falling energy prices fuel optimism regarding the outlook for Europe's biggest economy, a poll found on Thursday."The tug of war in Europe over the future of Greece has left no impression whatsoever on German consumers," market research company GfK said in a statement."Consumers feel the economy is in a clear uptrend, buoyed by the weak euro, which boosts ...
US durable goods orders fall in February WASHINGTON: Orders for US durable goods sagged in February after January's gain, led by declines in auto and aircraft orders, the Commerce Department said Wednesday.New orders for long-lasting manufactured goods fell 1.4 percent from January to $231.3 billion, the third decline in four months.Excluding the transportation sector, new orders for durable goods fell 0.4 percent.January's more buoyant data was also revised lower, underscoring the general weakness of the manufacturing sector.Non-defense capital goods excluding the often-volatile ...
EU, US 'likely' to miss year-end target for free trade deal: Latvia RIGA: The EU and United States will likely miss a year-end target to seal the world's biggest-ever free trade deal, current European president Latvia said Wednesday."During our (EU) presidency and during the next presidency of Luxembourg, most likely these negotiations will not be concluded," Latvia's Foreign Minister Edgars Rinkevics told reporters in the capital Riga, referring to talks on the controversial Transatlantic Trade and Investment Partnership, or TTIP.Latvia's six-month stint as EU president ends when ...
Greece fails to convince Europe on 1.2bn euro payment ATHENS: Greece does not have the right to 1.2 billion euros ($1.3 billion) it believed it mistakenly returned to the eurozone's bailout fund, an spokesman for the fund said Wednesday after talks with Greek officials.A working group from the Eurogroup of eurozone finance ministers met with Greek officials to discuss the amount returned by Greece's financial stability fund (HFSF) to the European Financial Stability Facility (EFSF) in late February."There was agreement that, legally, there was ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln