Archive for February, 2011

Venezuela: GDP up 0.6% in 4Q10, govt. claims recession has ended

Growth took place thanks to the public sector, but the private sector remains in decline. The Venezuelan economy grew by 0.6% in 4Q10, which the government claims marks the end of the downward trend seen since 2009. For the whole year the economy shrank 1.4% and was down 4.5% compared with 2008. According to the [...]

Mexico: Economy grows 5.5% in 2010

This was the highest annual rate of growth since 2000, when GDP increased 6%. The 5.5% GDP growth seen in Mexico last year was within the range of forecasts made by experts, who predicted an expansion of 5.2%, but was somewhat below the figure expected by various government agencies. The increase was favored by the [...]

Chile: Exports climb to pre-crisis levels thanks to copper prices

Exports increased almost 15% year-on-year in January, and figures were at the level of the record exports in 2008 for the second consecutive month. Chilean exports grew at an excellent rate during 2010 and in January 2011 the export volume reached USD 6.53bn, a 15% year-on-year increase. Although the figures are undoubtedly impressive, the export [...]

Brazil: Current account deficit deepens in January

Influenced by increasing debts due to international travel and profits & dividends, Brazil’s current account deficit worsened in January. Brazil’s current account deficit increased in January 2011 reaching some USD 5.4bn compared with the USD 3.5bn deficit recorded in December. For the last 12 months, the current account deficit totaled USD 49.1bn and the expectation [...]

Argentina: Trade surplus plunges 57.8%

Loss of competitiveness and full use of industrial capacity were underlined as the main reasons. In January, the trade surplus showed signs of weakness after diving 57.8% compared with the same month last year. According to the national statistics institute (INDEC), exports increased 21.9% year-on-year, while imports soared 52.2% in the same period. Foreign Trade [...]

Peru: Business confidence index slides in January

In the last couple of months entrepreneurs’ expectations have started to decline despite the upward trend in confidence since May 2009. The business confidence index calculated by the central bank of Peru dipped from the 71 points recorded three months ago to 66 points in January, a fall of 5 points in a relatively short [...]

China Chain Supermarket Operating Efficiency

CEIC Data Talk: After more than 10 years development, China chain retail industry especially the chain supermarket has become more mature. According to the data of 2009, total retail sales of chain supermarket is 13.6% of the whole chain retail industry; average operating areaper store is 580 square meter and average number of employees is [...]

Is the Central Bank of Turkey’s Monetary Policy Decoupling Itself from the Monetary Policies of Western Central Banks?

Database NEWS@lert: Decoupling refers to the idea that in recent years, business cycles in emerging market economies have become more independent of – or decoupled from – business cycles in advanced economies, as emerging economies have broadened and deepened, to the extent that their dependence on the world’s mainstream economies like the U.S., the Eurozone [...]

Peru: Unemployment falls to 7.7% after rapid GDP growth in 2010

Lima’s unemployment rate dropped to 7.7% in November-January from 8.6% in the same period 12 months earlier due to the impressive expansion in economic activity. The results of the latest monthly employment survey carried out by Peru’s national statistics institute (INEI) showed that the unemployment rate in the Lima metropolitan area fell to 7.7% in [...]

Panama: Public debt shows highest y/y growth for 5 years

The increase was due to various factors, both internal and external. Total public debt reached some USD 12.129bn in January 2011, an increase of USD 499.5mn (+4.3%) compared with December 2010. The year-on-year growth was 10.3%, the highest increase seen in the last 5 years and well above the 4.6% hike recorded in the same [...]