Economy : Page 887

Uganda's inflation slides to 6.2 percent in March

April 2, 2016 Uganda's year-on-year headline inflation fell to 6.2 percent in March from a revised 7 percent a month earlier.

Contraction in output eases amid upturn in new export orders

April 2, 2016 Business conditions across Brazil’s manufacturing sector deteriorated further in March. Output decreased at a slower pace, supported by a stronger increase in new business from abroad.

Kenya’s economy is strong, says World Bank

April 2, 2016 Kenya’s economy is projected to grow at 5.9% in 2016, recording an improvement over the 5.6% estimated for 2015, says a new World Bank Group economic report.

Operating conditions in Japan worsen at fastest rate in over three years

April 2, 2016 Operating conditions at Japanese manufacturers deteriorated at the end of the first quarter of 2016.

EU's top trading partners: U.S. for exports, China for imports

April 2, 2016 In 2015, the United States (€619 bn, or 18% of total EU trade in goods) and China (€521 bn, or 15%) continued to be the two main goods trading partners of the European Union (EU), well ahead of Switzerland (€253 bn, or 7%) and Russia (€210 bn, or 6%).

Russia's manufacturing sector contracts further in March

April 2, 2016 The contraction in Russia's manufacturing sector intensified in March as companies continued to cut jobs, a Markit survey of purchasing managers showed.

U.S. economy added 215,000 jobs in March, unemployment 5%

April 1, 2016 The U.S. economy gained 215,000 jobs in March, the Bureau of Labor Statistics says in its monthly report.

Eurozone CPI improves in March but remains negative

April 1, 2016 The eurozone consumer prices index improved in March but remained in negative territory at -0.1%, according to a flash estimate by Eurostat that was in line with consensus forecasts.

Mexico trade balance swings to deficit of $725 million

April 1, 2016 Mexico recorded a trade deficit of $725 million in February of 2016, compared to a $591.5 million surplus a year earlier and market expectations of a $400 million gap.

Czech central bank holds interest rate, exchange unchanged

April 1, 2016 The Czech central bank held its key interest rate steady for a 26th straight month though policymakers continued to explore the use of negative interest rates.

Brazilian Central Bank expects inflation above the target

April 1, 2016 Under the estimation that the inflation rate will go beyond the target this year, the Brazilian Central Bank (BC) said it’s not considering a reduction of the Selic, the benchmark interest rates.

German retail sales unexpectedly drop in February

April 1, 2016 German retail sales unexpectedly fell in February, according to figures released by Destatis.