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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 shows a slower pace of expansion in November, that may keep investors worried that the Chinese economy, which has stumbled this year, may not recover soon.Industrial Bank Co. Ltd, in a research note, said consumption only showed good signs at an online "singles' day" promotion by Alibaba Group Holding on Nov. 11 and steel production fell nearly 10 percent this month as mills near Beijing halted operations for the Asia-Pacific EconomicCooperation (APEC) summit.Hurt by unsteady ...

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 ...
German unemployment falls in November: data FRANKFURT: Unemployment in Germany fell in November as the labour market continues to shrug off weak growth, official data showed on Thursday.The number of people registered as unemployed in Europe's biggest economy fell by a seasonally-adjusted 14,000 in November, the Federal Labour Office said, beating analysts' expectations for a much shallower decline of 1,000 this month. The unemployment rate -- which measures the jobless total against the working population as a whole -- was steady ...
Philippine economic growth slows in third quarter MANILA: Typhoon damage and falling public spending slowed the Philippines' previously red-hot economy to its weakest pace in nearly three years with growth expanding 5.3 percent in the third quarter, officials said Thursday.Fierce winds and destructive floods generated by typhoons led to a 2.7 percent year-on-year contraction in farm output, Economic Planning Secretary Arsenio Balisacan said."Given this quarter's performance.... even meeting the low end of the target growth rate for the year could pose a ...
Philippines' Q3 GDP growth at 0.4pc, weaker than forecasts MANILA: The Philippine economy grew a seasonally adjusted 0.4 percent in the third quarter from the previous three months, well below economists' forecasts, on slower growth across all sectors, the government said on Thursday. Economists polled by Reuters had forecast the economy would grow at a slower quarterly pace of 1.4 percent, after growth of 1.9 percent in the June quarter. Economic planning Secretary Arsenio Balisacan said in a media briefing it would be a ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln