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Eurozone business activity rallies: PMI index BRUSSELS: The recovery of the eurozone's manufacturing sector is holding up, with activity showing the ninth month of growth in a row, and the gap among major economies narrowing, a survey showed on Tuesday. Markit Economics said on Tuesday that its Eurozone Composite Purchasing Managers Index (PMI) for March stood at 53.0, down from February's 53.2 but making for an average rise over the first quarter as a whole (53.4), "the best outcome since the second quarter of 2011". "Despite having cooled slightly in March, the euro area manufacturing sector continues to enjoy its best spell of growth since early 2011," said Markit economist Chris Williamson. The index is a leading indicator of activity and is closely watched by economists. A reading above the 50-point threshold indicates a growth in activity, while less than 50 indicates a contraction. "The rate of output growth remains encouragingly robust, with the survey indicating ...

Eurozone unemployment rate dips below 12pc in February: Eurostat BRUSSELS: The Eurozone unemployment rate dipped below 12.0 percent in February, according to official data on Tuesday which also revised the rates for recent months.There were about 18.96 million unemployed people in the eurozone in February, down 35,000 from the January level and 166,000 from a year earlier, the Eurostat statistics agency said.Copyright AFP (Agence France-Presse), 2014 ...
Indonesia swings to trade surplus on palm oil prices JAKARTA: Indonesia swung to a higher-than-expected trade surplus in February as a jump in palm oil prices and slowdown in imports boosted Southeast Asia's top economy, official data showed Tuesday.The surplus of $785.3 million came after a $431 million deficit in January caused by a controversial ban on mineral ore shipments that hit exports.Economists had expected a surplus of around $420 million.Inflation also eased in March, and both indicators add to signs in recent months ...
German unemployment steady in March: official data FRANKFURT: Germany's unemployment rate was steady in March, as Europe's economy gets off to a good start in 2014, official data showed on Tuesday. The number of people registered as unemployed in fell by 12,000 in seasonally adjusted terms this month, the Federal Labour Office said in a statement.Analysts had been projecting a slightly smaller decline of around 7,500.The unemployment rate, which measures the number of people looking for work relative to the total of ...
China house price rises slow in March: survey BEIJING: Price rises for new homes in China slowed in March for the third straight month, an independent survey showed, as authorities say they are looking to curb high housing costs.The average price of a new home in 100 major cities rose 10.04 percent year-on-year in March to 11,002 yuan ($1,775) per square metre, according to the China Index Academy which compiled the survey, released late Monday. The increase compared with a rise of 10.79 ...
Indonesia February trade balance reverts to surplus JAKARTA: Indonesia's trade balance reverted to a surplus in February helped by a sharper-than-expected drop in imports and stronger exports of crude palm oil and coal, the statistics bureau said on Tuesday.The country reported a surplus of $790 million, compared with a $440 million deficit in January, and slightly larger than Bank Indonesia's projection of $760 million.A Reuters poll of 14 analysts had estimated the surplus at $60 million. Copyright Reuters, 2014 ...
South Korea inflation rises to 1.3 percent in March SEOUL: South Korea's inflation rate rose to a seven-month high in March on the increasing cost of homes, utilities and clothes, state data showed Tuesday. The consumer price index was up 1.3 percent from a year ago -- the highest since August last year -- according to data from the state-run Statistics Korea. The index rose one percent year-on-year in February.But the March reading was lower than the median 1.4 percent increase forecast by economists ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln