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US factory activity inches up in March: Markit NEW YORK: Growth in the US manufacturing sector edged higher in March, with factory activity showing the best gain since October, according to an industry report released Tuesday.Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers' Index rose to 55.3 in March to its highest since October, when the final PMI was 55.9. Economists polled by Reuters had forecast the March figure would come in at 54.7, after February's final reading of 55.1.A reading above 50 indicates growth in the sector."Manufacturing regained further momentum from the slowdown seen at the turn of the year, with output, new orders and employment growth all accelerating in March," said Chris Williamson, Markit's chief economist.The index's flash output component rose to 58.2 in March from February's final reading of 57.3.The flash reading of the index measuring new orders also rose in March to its highest since October, coming in at ...

IMF approves $18mn aid to Malawi after commitment to fight corruption LILONGWE: The International Monetary Fund will provide $18.1 million to Malawi after its government promised to tackle the corruption that led to a suspension of aid by donors following large-scale graft involving public funds.Donors led by former colonial ruler Britain have withheld direct aid to the southern African nation for more than a year over a corruption scandal in which top government officials and ministers siphoned millions of dollars from the public purse.The IMF said ...
Mexico early March inflation dips below central bank target MEXICO CITY: Mexican annual inflation inched below the central bank's 3 percent target in early March, even as a weaker peso threatened to push up prices in Latin America's second-biggest economy.Inflation in the 12 months through mid-March eased to 2.97 percent, data from the national statistics office showed on Tuesday, below February's 3.00 percent and the 3.03 percent expected in a Reuters poll.The central bank has said it expects inflation to end the year below ...
Brazil's current account gap narrows in February BRASILIA: Brazil's current account deficit narrowed in February as the country's currency weakened sharply and economic growth remained stagnant, central bank data showed on Tuesday.Brazil posted a current account deficit of $6.879 billion in February, less than market expectations for a deficit of $7.7 billion and a gap of $10.654 billion in January.Despite the decline, Brazil's external deficit remained high as a percentage of the economy and was not fully covered by foreign direct investment, ...
US consumer inflation firming; new home sales at 7-year high WASHINGTON: US consumer prices rebounded in February as gasoline prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, keeping the Federal Reserve on course to raise interest rates this year.The economy also received a boost from other data on Tuesday showing that new home sales surged to a seven-year high in February and manufacturing activity gained some momentum in March. The sturdy new home ...
Fitch cautions Turkey against trying too hard for economic growth ISTANBUL: Turkey's next government could focus too much on spurring economic growth after a June general election, credit-rating agency Fitch said on Tuesday, after months of tension between President Tayyip Erdogan and the central bank.Erdogan has repeatedly urged official interest rates cuts to boost growth in the run-up to ahead of the election, unnerving financial markets and helping send the lira to record lows.The pressure has called into question the government's commitment to rebalancing the ...
US consumer prices rise in February WASHINGTON: US consumer prices rose broadly in February as energy prices rebounded, pushing gasoline higher, the Labor Department reported Tuesday.The consumer price index increased 0.2 percent month-over-month in February, following three consecutive months of declines including January's 0.7 percent drop, the steepest drop since late 2008 amid the financial crisis.Compared with a year ago, CPI was unchanged. In January the index dipped 0.1 percent, its first 12-month decline since October 2009. Stripping out volatile food ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln