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Taiwan June export orders fall for 3rd month, China demand slumps TAIPEI: Taiwan's export orders fell for a third straight month in June on weak demand from China and other emerging markets in a worrying sign for global technology demand. Last year, strong demand for Apple's iPhone helped power Taiwan's exports, a factor that is missing now. June exports contracted 5.8 percent, roughly in line with a median 5.62 percent fall forecast by economists in a Reuters poll. In May, exports dropped 5.9 percent, the fastest pace in more than two years. Orders from Taiwan's two biggest export markets were mixed; with China down 11.5 percent from a year earlier while those from the United States rose 5.8 percent, the economics ministry said on Monday. "The increase was mainly due to more orders of handheld devices by global brands," the ministry said in a statement. "However, demand for PC and mid- to low-end handheld devices was weak, offsetting order momentum." The ...

US housing sector picks up in June WASHINGTON: New US home construction and new building permits both jumped in June, demonstrating rising strength in the housing market, the Commerce Department reported Friday.New construction was up 9.8 percent from May to an annual pace of 1,174,000 units, with the greatest strength in multiple unit buildings.Permitting rose 7.4 percent to an annual pace of 1,343,000 units, the gain also most marked in buildings with five or more units.For the first six months of the ...
China June industrial output up 6.8pc on-year: govt BEIJING: China's industrial output, which measures production at factories, workshops and mines, rose 6.8 percent year-on-year in June, the National Bureau of Statistics (NBS) said Wednesday.Retail sales, a key indicator of consumer spending in the world's second-largest economy, increased 10.6 percent last month from the year before, the NBS said. Fixed asset investment, a measure of government spending on infrastructure, expanded 11.4 percent in January-June on-year, the NBS added.Copyright AFP (Agence France-Presse), 2015 ...
China's Q2 GDP growth beats forecasts as stimulus kicks in BEIJING: China's GDP expanded 7.0 percent year-on-year in the second quarter, official data showed Wednesday, beating expectations as months of central bank policy stimulus helped put a floor under the world's second-largest economy.The gross domestic product figure announced by the National Bureau of Statistics (NBS) matched the 7.0 percent expansion in the first three months of this year, and exceeded the median forecast of 6.9 percent in an AFP survey of 14 economists.The figure was ...
Indonesia posts trade surplus in June JAKARTA: Indonesia recorded a trade surplus for the seventh consecutive month in June, official data showed Wednesday, due to a steep fall in imports in Southeast Asia's top economy. The country's statistics agency said Indonesia posted a narrower surplus of $477 million compared to a revised $1.08 billion recorded in May. Exports in June slid 12.70 percent on-year to $13.44 billion while imports plunged 17.42 percent, down $12.96 billion from a year before. "The surplus ...
Nigeria inflation rises to 2-1/2 year high on food prices LAGOS: Nigeria's consumer inflation rose by 0.2 percentage points to 9.2 percent in June compared with the same month last year, its highest rate since February 2013 and above the central bank's targeted upper limit.The figure released on Thursday was in line with that forecast by a Reuters poll of analysts last week. Food inflation edged higher to an annual 10.0 percent in June, up 0.2 percentage points from May, as disruptions to fuel distribution ...
India wholesale prices drop for eighth month running MUMBAI: India's wholesale inflation rate fell for an eighth consecutive month in June, government data showed on Tuesday, pulled down by weak global oil prices and above average early monsoon rains.Inflation based on the Wholesale Price Index (WPI), an indicator which measures the biggest basket of goods, slid 2.40 percent last month from a year earlier, the statistics ministry said.Economists surveyed by Bloomberg had estimated that the WPI would slump 2.30 percent after a 2.36 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln