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US industrial production falls in March WASHINGTON: US industrial production fell sharply in March, pulled down by lower utility output as bad winter weather faded, the Federal Reserve said Wednesday.Total industrial output fell 0.6 percent, after a minimal 0.1 percent rise in February.The March drop was double what analysts expected.Utilities output slid 5.9 percent, largely reversing February's increase that was weather-related.Mining output fell for the third straight month, but by a smaller 0.7 percent.Manufacturing eked out a 0.1 percent gain after two months of declines.Compared with a year ago, industrial output was up 2.0 percent in March.As industrial output slowed, capacity utilization fell for the fourth month running, hitting 78.4 percent, well below the long-run average of 80.1 percent.Copyright AFP (Agence France-Presse), 2015 ...

Euro zone surplus widens but trade with Russia plummets BRUSSELS: An increase in exports and stable imports helped the euro zone widen its trade surplus in February, although by slightly less than expected, as a weaker euro helped soften the continued fall in sales to Russia.Unadjusted for seasonal swings, exports to the rest of the world rose 4 percent and imports were unchanged, taking the bloc's trade surplus to 20.3 billion euros ($21.47 billion) versus 14.4 billion euros in February 2014, the EU's statistics ...
India's March wholesale prices show steepest fall in 9 years NEW DELHI: India's annual wholesale prices declined at their fastest pace in at least nine years in March on cooling oil and manufacturing costs, reflecting trends that could give the central bank room to make further interest rate cuts.The wholesale price index (WPI) declined 2.33 percent year-on-year last month, their fifth straight fall, compared with a 1.95 percent fall forecast by economists in a Reuters poll and a provisional 2.06 percent decline in February.The reading ...
US mortgage applications fall in latest week: MBA NEW YORK: Applications for US home mortgages fell last week as interest rates edged up, an industry group said on Wednesday.The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.3 percent in the week ended April 10.The MBA's seasonally adjusted index of refinancing applications fell 1.8 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, ...
Ghana's consumer inflation rises to 16.6pc in March on weaker cedi ACCRA: Ghana's annual consumer price inflation rose marginally to 16.6 percent in March from 16.5 percent in the previous month, driven by the depreciation of the local currency, the statistics office said on Wednesday.The West African nation started a three-year aid program worth $918 million with the International Monetary Fund this month to fix its economy, dogged by deficits, widening public debt and high inflation."The key drivers for the marginal rise are mainly imported goods ...
German inflation creeps higher in March FRANKFURT: Inflation in Germany, Europe's biggest economy, crept higher in March, final data showed on Wednesday.The national consumer price index (CPI) rose by 0.3 percent year-on-year in March, up from 0.1 percent in February, the federal statistics office Destatis said in a statement.The Harmonised Index of Consumer Prices (HICP) -- which is the yardstick used by the European Central Bank -- was also back in positive territory, rising by 0.1 percent year-on-year in March, compared ...
South Korea's jobless rate falls to 4pc in March SEOUL: South Korea's jobless rate fell to four percent in March, state data showed Wednesday, but unemployment among young South Koreans continued to rise. The overall rate was down from the 4.6 percent registered in February -- the highest for five years -- but slightly up on the 3.9 percent figure from a year ago, according to state-run Statistics Korea. Asia's fourth-largest economy boasts relatively low unemployment compared to Europe or the United States, but ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln