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UK economy picks up in second quarter, recovery pace revised higher LONDON: Britain's economy grew more quickly than previously thought in the second quarter and its recovery from the financial crisis has been less sluggish than first estimated, according to official figures that use a new way of calculating data.Britain's gross domestic product (GDP) rose 0.9 percent in the three months from April to June this year, the fastest increase since the third quarter of 2013.Growth was fuelled by the strongest expansion in Britain's vast services industry in almost three years, while levels of business investment also rose strongly, the Office for National Statistics said on Tuesday. However, exports were again weak.The data showed Britain rebounded from the deep 2008-09 recession earlier than thought, at least in terms of growth.The economy passed its previous 2008 peak in the third quarter of 2013, nine months earlier than previously thought, and stood 2.7 percent above its pre-crisis size by June."Today's significant revisions to ...

India's Aug infrastructure output growth hits 2-month high NEW DELHI: India's annual infrastructure output growth accelerated to a two-month high of 5.8 percent in August, government data showed on Tuesday, helped by a jump in steel and coal production.The output expanded 2.7 percent year-on-year in July.The sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 percent of India's industrial output.Copyright Reuters, 2014 ...
Eurozone inflation drops to 0.3pc, unemployment steady BRUSSELS: Inflation in the eurozone fell to 0.3 percent in September, official EU data showed on Tuesday, signalling that the European Central Bank may have to go even further to avert the threat of deflation.The EU's date agency Eurostat also reported that unemployment in the eurozone remained steady at 11.5 percent in August, unchanged from July despite a stagnating economy and uncertainty over the crisis with Russia.Copyright AFP (Agence France-Presse), 2014 ...
British economy surprisingly strong: official data LONDON: Britain's recovering economy grew more than expected in the second quarter, revised official data showed on Tuesday.Gross domestic product expanded by 0.9 percent in the April-June period compared with output in the first three months of the year, the Office for National Statistics said in a statement.The ONS had put second-quarter GDP output at 0.8 percent in previous readings -- a rate of growth which meant Britain's economy had overtaken the size it achieved ...
Turkish August trade deficit $8.04bn, wider than forecast ISTANBUL: Turkey's trade deficit widened to $8.04 billion in August from $7.08 billion a year earlier, official data showed on Tuesday, above a Reuters forecast of $6.75 billion. Exports rose 2.9 percent to $11.44 billion and imports rose 7 percent to $19.48 billion, the data from the Turkish Statistics Institute said. The trade deficit reached $54.17 million between January and August, it also said. Copyright Reuters, 2014 ...
Swiss leading indicator points to lacklustre economic outlook ZURICH: Switzerland's economy should remain stable over the next few months as a sluggish global economy and weak consumption blight positive impulses from manufacturing and construction, a survey of the country's economic mood showed on Tuesday. The KOF economic barometer, which points to the performance of the Swiss economy in about six months' time, dipped to 99.1 points in September from a revised 99.6 points in the previous month. The indicator was slightly ahead of ...
Analyst raises Ukraine 2014/15 wheat export forecast by 5.3pc KIEV: Agriculture consultancy UkrAgroConsult on Tuesday increased its forecast for Ukraine's 2014/15 wheat exports to 10.0 million tonnes from a previous outlook of 9.5 million. UkrAgroConsult said in a statement that Ukraine had exported 4.4 million tonnes of wheat in the first three months of this season which runs from July to June, or around 40 percent of the volume of wheat available for exports in 2014/15. It also increase its forecast for Ukraine's wheat ...


Index Closing Chg%
Arrow DJIA 16,804.71 1.40
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Arrow S&P 1,946.16 1.32
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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln