Zimbabwe abolishes decades-old dual exchange rate controls
1 day ago
North Macedonia's industrial output turned to growth in December as it increased by 2.5% y/y, reversing a 4% y/y decrease a month earlier, statistics office data indicated on January 29.
Industrial production returned to a positive trend after declining for nine months in a row, as a result of the coronavirus (COVID-19) pandemic's impact on the economy.
The key manufacturing sector was the key driver of the growth as it inceased by 3.3% y/y in the last month of the year, after dropping by 6.2% in the previous month.
Mining output increased 10.2% y/y, accelerating from a 8.7% y/y increase in November, data showed.
However, the utilities sector fell by 6.1% y/y, after edging up 0.1% a month earlier.
In 2020 industrial production in North Macedonia fell by 9.5%, after rising 3.7% in 2019.
In December the number of employees in the industrial sector fell by 4.2% y/y and for the whole 2020 it dropped by 4.6%.
Related Content
Data
Zimbabwe abolishes decades-old dual exchange rate controls
Zimbabwe has officially eliminated exchange rate controls that authorities used for decades to arrest and fine individuals and businesses operating with unofficial rates.
Kazakhstan’s annual inflation climbs to 11.8% in June, driven by utilities and food prices
Kazakhstan’s annual inflation rate rose to 11.8% in June, up from 11.3% in May, according to latest figures released by the National Statistics Bureau. Monthly inflation eased slightly to 0.8%, compared to 0.9% in May.
Poland's public finance deficit seen rising to 6.8% of GDP by 2026, says Pekao
Poland’s public finance sector deficit is projected to reach 6.8% of GDP in 2026 and 5.7% in 2027, according to analysts at Bank Pekao, who cite sustained military spending, weaker tax revenues and looser European fiscal rules as the reason.
Turkey releases official June inflation at 35% y/y
Turkey’s consumer price index (CPI) inflation officially stood at 35.05% y/y in June versus 35.41% y/y in May and 44% y/y at end-2024.
Russia's service PMI falls back into the red in June for the first time in a year to 49.2
Russia’s service sector fell back into the red at the end of the second quarter as the S&P Global PMI index fell to 49.2 in June from 52.2 in May, below the 50 no-change benchmark.
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
10 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago