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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 Lisbon exited its international bailout.The National Statistics Insititute also said its consumer confidence indicator rose to a negative reading of 22.3 this month, from minus 24.0 in October.The indices started rebounding at the start of 2013, when Portugal began to recover from its debt crisis which led to the worst economic slump since the 1970s. This year, the economy is expected to grow for the first time since 2010.Copyright Reuters, 2014 ...

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 ...
German annual inflation set to fall in November, state data suggests BERLIN: Annual inflation in Europe's largest economy looks set to sink in November to the lowest rate in up to five years, according to data from some German states on Thursday.Data from three federal states showed yearly inflation easing, while price pressure remained stable in a fourth. The yearly readings were all well below the European Central Bank's target for close to but just under 2 percent over the medium term in the euro zone.In ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln