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Italy Nov manufacturing sentiment edges up but overall business morale falls ROME: Morale among Italian manufacturers rose slightly for the second month running in November, but broader business sentiment declined as the economy struggles to emerge from recession, data showed on Thursday.National statistics office ISTAT's manufacturing confidence index rose to 96.3 in November from a marginally revised 96.1 the previous month. The October figure was originally reported as 96.0.The median forecast of a Reuters survey of analysts had pointed to a stable 96.0 reading in November.ISTAT's composite business morale index, which combines surveys of the manufacturing, retail, construction and services sectors, fell in November to 87.7 from a downwardly revised 89.1 in October.Declining sentiment in the services and construction sectors outweighed the improvement in manufacturing and more upbeat retailers.Italy's sister survey of consumer sentiment published on Wednesday showed confidence fell to a nine-month low, despite income tax cuts introduced by Prime Minister Matteo Renzi earlier this year.Italy's economy shrank 0.1 percent ...

Portugal business confidence dips, consumers still more upbeat LISBON: Portugal's economic climate indicator slipped this month for the first time in almost two years, while consumer confidence rose again to its highest level since 2002 as the economy recovers from a deep recession, data showed on Thursday.The economic climate indicator, which measures business confidence, stood at plus 0.5 in November, down from 0.7 the previous month, which was its highest level since July 2008. The index turned positive in May - the month ...
Greece says EU/IMF bailout exit could be delayed for 'technical' reasons ATHENS: Greece may have to delay by a few days or weeks its planned exit from an EU/IMF bailout by the end of the year, the country's deputy prime minister said on Thursday, citing "technical reasons".Greece is running short of time to clinch a deal on its final bailout review after talks in Paris with EU/IMF lenders failed to produce results, raising doubts about whether the country can exit its bailout by the end of ...
Euro zone economic sentiment rises slightly in November BRUSSELS: Morale in the euro zone rose for the second straight month in November as a pick-up in industry sentiment just outweighed increased pessimism among consumers, offering a tentative sign that the bloc is avoiding outright stagnation.The European Commission said on Thursday that economic sentiment in the 18 countries sharing the euro rose to 100.8 this month from 100.7 in October and 99.9 in September. Economists polled by Reuters had expected a decline to 100.3.The ...
China's official PMI seen edging down to 50.6 in Nov BEIJING: Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed.The median forecast from 12 economists in the poll was that the official manufacturing Purchasing Managers' Index (PMI) for November will be 50.6, slightly lower than October's 50.8.The survey will be released on Monday.A reading above 50-point level indicates an expansion in activity while one below that points to a contraction on a monthly basis.If the survey ...
German unemployment falls to record low in November BERLIN: Germany's unemployment rate touched a record low of 6.6 percent in November, underscoring the huge gap in labour market conditions between Europe's largest economy and its struggling euro zone partners.The number of unemployed people decreased by a larger-than-expected 14,000 to 2.872 million, seasonally-adjusted data from the Federal Labour Office showed. The jobless total was the lowest in 23 years.Record employment, rising wages and low interest rates are helping to prop up domestic demand in ...
Portugal Oct jobless rate up at 13.4pc from 13.3pc in Sept LISBON: Portugal's unemployment rate edged up in October to 13.4 percent from 13.3 percent a month earlier, the National Statistics Institute said on Thursday.The institute said it was introducing monthly unemployment data from now on with the intention of providing more up-to-date information on the state of the labour market. Until now, unemployment data had only been released quarterly.In the third quarter unemployment stood at 13.1 percent, according to data released at the start of ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln