Economy : Page 926

Dodge Momentum Index rebounds in December, reverses decline

January 11, 2016 The Dodge Momentum Index rose 4.1% in December to 125.2 (2000=100) from its November reading of 120.3, essentially reversing the 3.6% decline that took place in November.

Home Purchase Sentiment Index increased 2.4 points

January 11, 2016 Fannie Mae's Home Purchase Sentiment Index (HPSI) increased 2.4 points to 83.2 in December, capping off its strongest year thus far, as Americans' household income prospects bounced back to levels of three months ago.

Bank deposits in Albania jumps to $7.7 billion

January 11, 2016 The total deposits in Albania's banking system rose to 974 billion Lek ($7.7 billion) by the end of last November, according to a report by the Bank of Albania.

Business conditions in Egypt worsen only modestly in December

January 11, 2016 Business conditions in Egypt’s non-oil private sector worsened for the third straight month in December, having improved on average in Q3.

World Bank calls private sector to help Vietnam's transport and logistics

January 11, 2016 Vietnam needs new strategies to maintain strong growth, and a World Bank report calls for the government to work with private sector importers, exporters and transport companies to improve freight logistics.

Pharma and biotech leads growth in Asia at end of 2015

January 11, 2016 According to Nikkei's Asia Sector PMI data compiled by Markit, 12 out of 19 detailed sectors reported an expansion in output during December.

Interbank RMB transactions hit $94.17 trillion, system largely stable

January 11, 2016 China's interbank local currency market transactions totalled 618.12 trillion yuan ($94.17 trillion) in 2015, data showed.

Argentina forecasted to grow 0.7% this year

January 9, 2016 The World Bank lowered its forecast for Argentine growth for the next two years, expecting it to see a large rebound in 2018 thanks to the monetary and fiscal policies implemented by President Mauricio Macri’s administration.

Most money does not go to poorest countries, U.S. not so generous

January 9, 2016 OECD compiles data from its member states about their foreign aid spending: how much it is, and where it goes? OECD released their compilations from 2014 (it takes about a full year to collect and analyze all the data).

Turkish growth relatively good, says economy minister

January 9, 2016 Economy Minister Mustafa Elitas said the Central Bank of the Republic of Turkey (CBRT) is looking to market developments and that interest rates should be at the minimum level.

India among fastest growing economies in world

January 9, 2016 Union Finance Minister Arun Jaitley said the Indian economy has emerged as one of the fastest growing economies in the world.

U.S. adds 292,000 new jobs in December

January 8, 2016 Total nonfarm payroll employment rose by 292,000 in December, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported.