Centrale Bank van Aruba Banco Central di Aruba
|
|
- Oscar Paul
- 5 years ago
- Views:
Transcription
1 Business Perception Survey Results for the third and fourth Quarter of 2017 July 6, Centrale Bank van Aruba Banco Central di Aruba Business Activity During the third quarter of 2017, the overall Business Perception Index (BPI), comprising the current and short term economic conditions, grew by 1.1 age points, from in the second quarter to in the third quarter. In the fourth quarter of 2017, the index decreased by 1.0 age point to (Chart 1, Annex 1). The current economic condition index expanded by 1.1 age points, from in the second quarter to in the third quarter of 2017 (Chart 2, Annex 1). In the fourth quarter of 2017, this index contracted by 0.8 age point to The short term future economic condition index also registered an upturn during the third quarter of 2017, increasing by 1.0 age point, from in the second quarter to in the third quarter. During the fourth quarter of 2017, this index declined by 1.5 age points to (Chart 3, Annex 1). The contribution 1 of the different sectors to the indices, can be observed in Charts 4a, 4b, and 4c (Annex 2). The Business Perception Survey indicates that the degree of confidence among the surveyed businesses improved during the third quarter of This sentiment, however, changed during the last quarter of the year. 1 Index value = between 100 and 110: Optimistic perception Index value = 100: Neutral Index value = between 90 and 100: Pessimistic perception 1
2 Manufacturing Electricity, gas and (excl. manufacture water supply, of refined manufacture of petroleum refined petroleum products) products Chart 4a: Index current economic condition by sector: Construction Wholesale and retail trade, repair of motor vehicles and household goods Hotels and restaurants Transport, storage and communication Financial intermediation Real estate and other business activities Health, other community and personal service activities 2017 I II III IV Manufacturing Electricity, gas and (excl. manufacture water supply, of refined manufacture of petroleum refined petroleum products) products 4b: Index short term future economic condition by sector: Construction Wholesale and retail trade, repair of motor vehicles and household goods Hotels and restaurants Transport, storage and communication Financial intermediation Real estate and other business activities Health, other community and personal service activities 2017 I II III IV Manufacturing Electricity, gas and (excl. manufacture water supply, of refined manufacture of petroleum refined petroleum products) products 4c: Business Perception Index by sector: Construction Wholesale and retail trade, repair of motor vehicles and household goods Hotels and restaurants Transport, storage and communication Financial intermediation Real estate and other business activities Health, other community and personal service activities 2017 I II III IV Source: Centrale van Aruba 2
3 Sales and Profitability In the third quarter of 2017, sales rose among the surveyed businesses. The age of firms registering lower sales, declined by 14.8 age points, from 26.8 in the second quarter to 12.0 in the third quarter of the year. During this quarter, the age of businesses indicating increased sales and no change in sales grew by 10.6 age points and 4.3 age points, respectively. During the fourth quarter of 2017, the respondents indicated decreased sales, as the age of firms registering decrease in sales rose by 17.6 age points, from 12.0 in the third quarter to 29.6 in the fourth quarter of the year, while the number of businesses noting no change and increase in sales, declined by 4.6 age points, and 13.0 age points, respectively (Chart 5 & Annex 6). During the third quarter of 2017, there was a lower number of profitable businesses within the sample, as the age of surveyed firms reporting to be profitable decreased by 0.5 age point, from 88.5 in the second quarter to 88.0 in the third quarter of This reduction carried on during the fourth quarter of 2017, as the number of profitable firms diminished further by 6.5 age points to 81.5 in the last quarter of 2017 (Chart 6 & Annex 6). Chart 7: The approximate age changes in profits and losses, (Q compared to Q3 2017): Profitability (profits) Δ% Profits No change Increase: Less than 5.1 Increase: Between 5.1 and 10.1 Increase: More than 10.1 Decrease: Less than 5.1 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Profitability (losses) Δ% Losses No change Increase: More than 10.1 Decrease: Less than 5.1 Decrease: More than % 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 3
4 Investment and Financing Activity During the third quarter of 2017, the surveyed companies recorded mostly no change in investment conditions, as the age of firms indicating no change grew by 21.4 age points, from 34.6 in the second quarter to 56.0 in the third quarter. During the same period, the age of firms indicating worsening and improved investment conditions decreased by 18.6 age points, and 2.8 age points, respectively. During the fourth quarter of 2017, the surveyed firms indicated improved investment conditions, as the age of respondents recording improved investment conditions grew by 5.3 age points, from 28.0 in the third quarter, to 33.3 in the last quarter of the At the same time, the age of businesses noting no change and worsening conditions, contracted by 4.1 age points, and 1.2 age points, respectively (Annex 6). With regard to short term investment activities, most respondents (72.0 ) expected conditions to remain the same in the third quarter of The number of surveyed firms indicating no change in short term investment conditions expanded by 10.5 age points, from 61.5 in the second quarter of 2017 to 72.0 in the third quarter. The age of surveyed businesses indicating worsening and improved conditions, contracted by 7.4 age points, and 3.1 age points, respectively. Unlike the third quarter of 2017, the surveyed businesses indicated changing short term investment activities, as the age of firms registering no change declined by 20.1 age points to 51.9 in the last quarter of the year. During this period, the age of firms registering improved and worsening investment conditions expanded by 13.3 age points, and 6.8 age points, respectively (Annex 6). During the third quarter of 2017, the age of respondents with investment plans over the next 12 months decreased by 4.3 age points, from 92.3 in the second quarter to 88.0 in the third quarter of During the fourth quarter of 2017, this age decreased further by 6.5 age points to 81.5 (Chart 8 & Annex 5). Terms and conditions for obtaining finance remained largely the same during the third quarter of 2017, as an increasing (+3.5 ) majority (92.0 ) reported unchanged conditions. During the same period, the number of surveyed businesses registering improving conditions registered a downturn of 3.9 age points, while the age recording worsening terms and conditions for obtaining finance rose by 0.3 age points. During the fourth quarter of the 2017, the age of surveyed firms registering unchanged terms and conditions for obtaining finance decreased by 21.6 age points to 70.4, while the age of respondents registering improved and worsening conditions expanded by 14.8 age points, and 6.8 age points, respectively (Chart 9, Annex 3). During the third quarter of 2017, the majority (80.0 ) of the surveyed firms expected the annual effective financing rate to be between 5 and 8 in the quarter under review. During the last quarter of 2017, this age increased further by 5.2 age points to 85.2 (Chart 12 & Annex 5). 4
5 5
6 Employment and Wages In the third quarter of 2017, the surveyed firms indicated no changes in employment developments. The number of companies reporting no change in the number of employees increased by 9.4 age points, from 34.6 in the second quarter of 2017 to 44.0 in the quarter under review. Simultaneously, the age recording an improvement registered a downturn of 6.3 age points and the number of surveyed businesses indicating worsening conditions decreased by 3.1 age points. During the fourth quarter of 2017, the age of firms registering no change in employment developments grew further by 7.9 age points to During this period, surveyed businesses registering worsening employment developments expanded by 2.2 age points, while those noting an improvement contracted by 10.1 age points (Annex 6). The indicated age changes in employment can be observed in Chart 11. Regarding average labor costs, the age of respondents registering decrease rose by 12.4 age points, from 7.6 in the second quarter of 2017 to 20.0 in the quarter under review. During this quarter, the no change category expanded by 4.8 age points, while the increase category contracted by 17.1 age points. During the fourth quarter of 2017, the age of firms registering an increase noted a downturn of 0.5 age point, from 56.0 in the third quarter, to 55.5 in the fourth quarter of Simultaneously, the age of surveyed businesses noting a decrease rose by 2.2 age points while the respondents recording no change decreased by 1.8 age points. (Annex 6). The reported age changes in average wage costs are presented in Chart 12. 6
7 Inflation and Pricing During the third quarter of 2017, the majority (88.0 ) of the surveyed businesses expected inflation to be between 0 and 3. This was an 8.2 age points reduction, compared to the second quarter. 8.0 of surveyed firms expected inflation to be below zero (+8.0 age points, QoQ), and 4.0 (+0.2 age point, QoQ) of the surveyed companies expected inflation to be above 3. During the fourth quarter of 2017, the age of surveyed firms with inflation expectations of between 0 and 3 expanded further by 8.2 age points to At the same time, the age of respondents indicating inflation expectations below 0, and above 3, declined by 8.0 age points, and 0.3 age points, respectively (Chart 13, Annex 5). With regard to the prices for products and services over the next 12 months, a decreasing ( 1.5 age points) majority (60.0 ) expected prices to remain the same during the third quarter of 2017, compared to the second quarter. The number of surveyed businesses with expectations of price increases rose by 5.2 age points, from 30.8 in the second quarter of 2017 to 36.0 in the third quarter of During this quarter, the number of firms expecting price decreases contracted by 3.7 age points, from 7.7 in the second quarter of 2017 to 4.0 in the quarter under review. During the fourth quarter of 2017, no respondent expected a decrease in prices over the next 12 months. The age of surveyed firms expecting price increases expanded by 15.9 age points to 51.9, while the age with expectations of unchanged prices contracted by 11.9 age points to 48.1 (Chart 14, Annex 5). On the subject of economic growth expectations over the next 12 months, the majority (56.0 ) indicated expectation related to flat economic growth (+2.2 age points, QoQ). The number of surveyed companies with negative economic growth expectations increased by 0.8 age point, while the age of respondents with positive growth expectations (24.0 ) decreased by 2.9 age points, compared to the second quarter. During the fourth quarter of 2017, the age of respondents with expectations of flat economic growth grew further, by 7.0 age points to 63.0, while the age of surveyed companies with negative and positive growth expectations noted downturns of 5.2 age points and 1.8 age points, respectively (Chart 15, Annex 5). 7
8 Chart 14: Product and/or service pricing expectations over the next 12 months reported in the fourth quarter of 2017 (In % of all respondents) Increase Decrease Remain the same 8
9 Annexes Annex 1: Response rate and indices 1] I II III IV I II III IV I II III IV 1. Response and non response rates a. Average response rate b. Average non response rate Indices a. Index current economic condition b. Index short term future economic condition c. Business Perception Index Source: CBA. 1] Index value = between 100 and 110: Optimistic perception Index value = 100: Neutral Index value = between 90 and 100: Pessimistic perception 9
10 Annex 2: Business perception Survey (by sectors) I II III IV I II III IV I II III IV 1. Index current economic condition a. Manufacturing (excl. manufacture of refined petroleum products) b. Electricity, gas and water supply, manufacture of refined petroleum products c. Construction d. Wholesale and retail trade, repair of motor vehicles and household goods e. Hotels and restaurants f. Transport, storage and communication g. Financial intermediation h. Real estate and other business activities i. Health, other community and personal service activities Index short term future economic condition a. Manufacturing (excl. manufacture of refined petroleum products) b. Electricity, gas and water supply c. Construction d. Wholesale and retail trade, repair of motor vehicles and household goods e. Hotels and restaurants f. Transport, storage and communication g. Financial intermediation h. Real estate and other business activities i. Health, other community and personal service activities Business Perception Index a. Manufacturing (excl. manufacture of refined petroleum products) b. Electricity, gas and water supply, manufacture of refined petroleum products c. Construction d. Wholesale and retail trade, repair of motor vehicles and household goods e. Hotels and restaurants f. Transport, storage and communication g. Financial intermediation h. Real estate and other business activities i. Health, other community and personal service activities Source: CBA. 10
11 Annex 3: Survey questionnaire for Q Improvement No change Worsening Current economic condition The economic conditions in Aruba The activities of your business The investments of your business The number of employees that work for your company The terms and conditions for obtaining finance Expected short term economic conditions The economic conditions in Aruba The activities of your business The investments of your business The number of employees that work for your company Source: CBA. 1] Compared to the corresponding quarter of the previous year. 2] During the next 6 months. 11
12 Annex 4: Economic indicators by sector (Q4 2017) No Change Less than 5.1 Decrease Between More than 10.1 Less than 5.1 Increase Between More than Employment, in ages of all responding sectors a. Manufacturing (excl. manufacture of refined petroleum products) b. Electricity, gas and water supply, manufacture of refined petroleum products c. Construction d. Wholesale and retail trade, repair of motor vehicles and household goods e. Hotels and restaurants f. Transport, storage and communication g. Financial intermediation h. Real estate and other business activities i. Health, other community and personal service activities A. Profitability (profits), in ages of all responding sectors a. Manufacturing (excl. manufacture of refined petroleum products) b. Electricity, gas and water supply, manufacture of refined petroleum products c. Construction d. Wholesale and retail trade, repair of motor vehicles and household goods e. Hotels and restaurants f. Transport, storage and communication g. Financial intermediation h. Real estate and other business activities i. Health, other community and personal service activities B. Profitability (losses), in ages of all responding sectors a. Manufacturing (excl. manufacture of refined petroleum products) b. Electricity, gas and water supply, manufacture of refined petroleum products c. Construction d. Wholesale and retail trade, repair of motor vehicles and household goods e. Hotels and restaurants f. Transport, storage and communication g. Financial intermediation h. Real estate and other business activities i. Health, other community and personal service activities Source: CBA. 12
13 Annex 4: Economic indicators by sector (Q4 2017) No Change Less than 5.1 Decrease Between More than 10.1 Less than 5.1 Increase Between More than Sales, in ages of all responding sectors a. Manufacturing (excl. manufacture of refined petroleum products) b. Electricity, gas and water supply, manufacture of refined petroleum products c. Construction d. Wholesale and retail trade, repair of motor vehicles and household goods e. Hotels and restaurants f. Transport, storage and communication g. Financial intermediation h. Real estate and other business activities i. Health, other community and personal service activities Average wage costs, in ages of all responding sectors a. Manufacturing (excl. manufacture of refined petroleum products) b. Electricity, gas and water supply, manufacture of refined petroleum products c. Construction d. Wholesale and retail trade, repair of motor vehicles and household goods e. Hotels and restaurants f. Transport, storage and communication g. Financial intermediation h. Real estate and other business activities i. Health, other community and personal service activities Source: CBA. 13
14 Annex 5: Economic indicators by sector Source: CBA I II III IV I II III IV I II III IV A. Inflation over the next 12 months 1. Below Between 0 and Between 1 and Between 2 and Above Total B. Investment plans over the next 12 months 1. Below Afl. 1 million Between Afl. 1 and Afl. 5 million Above Afl. 5 million Not applicable Total C. Annual effective financing rate over the next 12 months * 1. Below Between 5 and Between 8 and Above Total D. Product and/or service pricing over the next 12 months 1. Increase Decrease Remain the same Total E. Economic growth (GDP growth) over the next 12 months 1. Below negative Between negative 10 and negative 5 3. Between negative 5 and 1 4. Between 1 and 5 5. Between 5 and Above Negative Flat Positive Total * Annual effective financing rate for business loans 14
15 Annex 6: BUSINESS PERCEPTION RESULTS Survey questionnaire responses Business Perception Index Improvement No change Worsening Current Short term Business Perception Index I II III IV I II III IV I II III IV A. Current economic conditions The economic conditions in Aruba The activities of your business The investments of your business The number of employees that work for your company Terms and conditions for obtaining finance I II B. Expected short term economic conditions 1) III The economic conditions in Aruba IV The activities of your business The investments of your business I The number of employees that work for your company II III IV I II III IV ) During the next 6 months. Perceived developments of employment, profitability, sales, and average wage costs 1) Employment Operational results Sales Average wage costs Profits Losses I II III IV I II III IV I II III IV I II III IV I II III IV 1. no change increase of less than increase between 5.1 and increase of more than decrease of less than decrease between 5.1 and decrease of more than Total ) In ages of all respondents.
Gross Domestic Product , preliminary figures for Aruba
Gross Domestic Product 2000 2006, preliminary figures for Aruba Central Bureau of Statistics Aruba Oranjestad, December 2007 COPYRIGHT RESERVED Use of the contents of this publication is allowed, provided
More informationEconomic Developments Centrale Bank van Curaçao en Sint Maarten
Economic Developments 2016-2017 Centrale Bank van Curaçao en Sint Maarten December 20, 2016 Contents: I. Economic Developments Real Sector Public Sector External Sector II. Monetary Developments III. Economic
More informationSUPPLEMENT TO THE QUARTERLY BULLETIN 2014-III
SUPPLEMENT TO THE QUARTERLY BULLETIN 2014-III DEVELOPMENTS IN THE BALANCE OF PAYMENTS OF THE MONETARY UNIONN During the third quarter of 2014, the deficit on the current account of the balance of payments
More informationEconomic Outlook
Economic Outlook 2018 1 December 2017 1 This document includes forecasts that represent assumptions and expectations of the Centrale Bank van Aruba (CBA) in light of currently available information. These
More informationEconomic outlook 1. May 2017
Economic outlook 1 May 2017 1 This document includes forecasts that represent assumptions and expectations of the Centrale Bank van Aruba (CBA) in light of currently available information. These forecasts
More informationMONTHLY BULLETIN FEBRUARY July 10, 2018 Issue no. 363
MONTHLY BULLETIN FEBRUARY 2018 July 10, 2018 Issue no. 363 Contents I. Main economic indicators 1 II. Operations of the CBA 7 Statistical Annex 1. Monetary survey 8 2. Components of broad money 9 3. Causes
More informationSURVEY ON THE ACCESS TO FINANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE EURO AREA APRIL TO SEPTEMBER 2012
SURVEY ON THE ACCESS TO FINANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE EURO AREA APRIL TO SEPTEMBER 2012 NOVEMBER 2012 European Central Bank, 2012 Address Kaiserstrasse 29, 60311 Frankfurt am Main,
More informationMONTHLY BULLETIN JUNE September 26, 2018 Issue no. 367
MONTHLY BULLETIN JUNE 2018 September 26, 2018 Issue no. 367 Contents I. Main economic indicators 1 II. Operations of the CBA 8 Statistical Annex 1. Monetary survey 9 2. Components of broad money 10 3.
More informationLatest data reveals a healthy increase in the Scottish economy in the First Quarter (Q1) of 2017 of 0.8%, well above the UK* growth rate of 0.
(Press Release - 5th July 2017) Analysis of latest Scottish GDP (2017 Q1) statistics Scottish Economy up in Q1 of 2017 as Manufacturing sector recovers some of the lost growth over past 2 years Todays
More informationEconomic outlook 1. September 2016
Economic outlook 1 September 2016 1 This document includes forecasts that represent assumptions and expectations of the Centrale Bank van Aruba (CBA) in light of currently available information. These
More informationValentyn Povroznyuk, Edilberto L. Segura
National real GDP grew by 2.3% quarter-over-quarter (qoq) in Q2 2015. Average real GDP growth for Q4 2011-Q1 2015 was revised downwards by 0.2% from the previously published 2.2%. US industrial output
More informationBANK VAN ARUBA CENTRALE. Page. Contents. money. Published. January 31, No. 312
C CENTRALE BANK VAN ARUBA MONTHLY BULLETIN November 2013 Contents I. Main economicc indicators Page 1 Statistical Annex 1. Monetary survey 2. Components of broad money 3. Causes of changes in broad money
More informationGROSS DOMESTIC PRODUCT FOR THE SECOND QUARTER OF 2012
GROSS DOMESTIC PRODUCT FOR THE SECOND QUARTER OF 2012 In the second quarter of 2012 GDP at current prices amounted to 19 007 Million Levs. In Euro terms GDP was 9 718 Million Euro or 1 330 Euro per person.
More informationEMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FOURTH QUARTER OF 2016
EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FOURTH QUARTER OF 2016 According to the preliminary data of the National Statistical Institute (NSI) at the end of December 2016 the
More informationNOTE ECONOMIC DEVELOPMENTS CURAÇAO
NOTE ECONOMIC DEVELOPMENTS CURAÇAO MARCH 2018 CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN 2 Centrale Bank van Curaçao en Sint Maarten Note Economic Developments Curaçao Centrale Bank van Curaçao en Sint
More informationFigure 1. Gross average wages and salaries by months
EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FIRST QUARTER OF 2018 According to the preliminary data of the National Statistical Institute (NSI) at the end of March 2018 the number
More informationAnnual Report Contents: 9/7/2017. I. Economic Developments II. Monetary Developments III. Economic Outlook
Annual Report 2016 Centrale Bank van Curaçao en Sint Maarten September 7, 2017 Contents: I. Economic Developments II. Monetary Developments III. Economic Outlook 1 Part I Economic Developments Real Sector
More informationBusiness Expectations Survey September 2017 Summary Review
Business Expectations Survey September 2017 Summary Review 1. Introduction The BES summarises views of the business community regarding their perceptions about the current and future state of the economy.
More informationBANK VAN ARUBA CENTRALE. Page. Contents. I. Main. institutions. 10. Tourism. No. 345
C CENTRALE BANK VAN ARUBA MONTHLY BULLETIN AUGUST 2016 Contents I. Main economic indicators II. Operations of the CBA Page 1 3 Statistical Annex 1. Monetary survey 2. Components of broad money 3. Causes
More informationTRINIDAD AND TOBAGO. 1. General trends
Economic Survey of Latin America and the Caribbean 2016 1 TRINIDAD AND TOBAGO 1. General trends In 2016 Trinidad and Tobago is expected to post negative growth for the third year in a row, with the economy
More informationA Comparison of Official and EUKLEMS estimates of MFP Growth for Canada. Wulong Gu Economic Analysis Division Statistics Canada.
A Comparison of Official and EUKLEMS estimates of MFP Growth for Canada Wulong Gu Economic Analysis Division Statistics Canada January 12, 2012 The Canadian data in the EU KLEMS database is now updated
More informationTHE UNITED REPUBLIC OF TANZANIA QUARTERLY GROSS DOMESTIC PRODUCT OF TANZANIA MAINLAND
THE UNITED REPUBLIC OF TANZANIA QUARTERLY GROSS DOMESTIC PRODUCT OF TANZANIA MAINLAND National Bureau of Statistics Ministry of Finance Economic Affairs Dar es Salaam May, 2010 Table of Contents 1.0 Introduction...
More informationThe April 2018 Bank Lending Survey in Spain
ECONOMIC BULLETIN 2/218 ANALYTICAL ARTICL The April 218 Bank Survey in Spain Álvaro Menéndez Pujadas 24 April 218 The results of the Bank Survey show that during 218 Q1 credit standards for new loans in
More informationGROSS DOMESTIC PRODUCT FOR THE THIRD QUARTER OF 2012
GROSS DOMESTIC PRODUCT FOR THE THIRD QUARTER OF 2012 In the third quarter of 2012 GDP at current prices amounted to 21 734 Million Levs. In Euro terms GDP was 11 112 Million Euro or 1 522 Euro per person.
More informationGross Domestic Product of Georgia in 2015
NATIONAL STATISTICS OFFICE OF GEORGIA (GEOSTAT) Gross Domestic Product of Georgia in 2015 15.11.2016 As a result of annual adjustment, the 2015 Gross Domestic Product (GDP) of Georgia at current prices
More informationCENTRALE ARUBA BANK VAN. June Page. Contents. money. No. 331
C CENTRALE BANK VAN ARUBA MONTHLY BULLETIN June 2015 Contents I. Main economicc indicators Page 1 Statistical Annex 1. Monetary survey 2. Components of broad money 3. Causes of changes in broad money 4.
More informationRELEASE OF THE PROVISIONAL GROSS DOMESTIC PRODUCT (GDP) FOR THIRD QUARTER 2017
RELEASE OF THE PROVISIONAL GROSS DOMESTIC PRODUCT (GDP) FOR THIRD QUARTER 2017 by Mr. BAAH WADIEH Ag. GOVERNMENT STATISTICIAN GDP Presentation December 20, 2017 1 Provisional GDP estimates for third quarter
More informationTable 1.3 : Demand side growth in GDP, growth contribution and relative share (figures in per cent at market prices) Growth of GDP
Aggregate demand and its composition 1.17 The most important contribution to demand growth during the Tenth Five Year Plan period (2002-07) had come from investment, while the external trade made negligible
More informationMay 11, 2012 Issue no. 6
ANNUAL STATISTICAL DIGEST 2011 May 11, 2012 Issue no. 6 Correspondence related to this digest should be addressed to the Statistics Department of the Centrale Bank van Aruba J.E. Irausquin Boulevard 8
More informationBANK VAN ARUBA CENTRALE. Page. Contents. money. No. 292
C CENTRALE BANK VAN ARUBA MONTHLY BULLETIN MARCH 2012 Contents I. Main economicc indicators Page 1 Statistical Annex 1. Monetary survey 2. Components of broad money 3. Causes of changes in broad money
More informationDomestic developments II. The State of the Digital Economy III. International developments IV. Concluding remarks
ABSTRACT In 2017, the economy of Aruba experienced a 1.2 percent growth in real terms. The main engine of the expansion was the favorable development of the tourist sector, with substantial increases in
More informationState of the Economy 2016
State of the Economy 2016 Contents I. Domestic developments... 1 Economic growth... 1 Tourism... 1 Investment... 5 Consumption... 6 Foreign trade... 8 Consumer Price Index (CPI)... 8 Government... 9 Monetary
More informationGROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT September 2014 2013 HIGHLIGHTS GDP = $5.6 billion, marginally up 0.7% in 2013 In 2013, Gross Domestic Product (GDP), which measures the total value of goods and services produced
More informationDOMINICAN REPUBLIC. 1. General trends
Economic Survey of Latin America and the Caribbean 2015 1 DOMINICAN REPUBLIC 1. General trends The economy of the Dominican Republic grew by 7.3% in 2014, compared with 4.8% in 2013, driven by expanding
More informationGuatemala. 1. General trends. 2. Economic policy. In 2009, the Guatemalan economy faced serious challenges as attempts were made to mitigate
Economic Survey of Latin America and the Caribbean 2009-2010 161 Guatemala 1. General trends In 2009, the Guatemalan economy faced serious challenges as attempts were made to mitigate the impact of the
More informationBANK VAN ARUBA CENTRALE. July Contents. Page. money. Published. October 8, No. 332
C CENTRALE BANK VAN ARUBA MONTHLY BULLETIN July 2015 Contents I. Main economicc indicators II. Operations of the CBA Page 1 3 Statistical Annex 1. Monetary survey 2. Components of broad money 3. Causes
More informationEMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, THIRD QUARTER OF 2017
EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, THIRD QUARTER OF 2017 According to the preliminary data of the National Statistical Institute (NSI) at the end of September 2017 the
More informationDKM/IBF SME Market Monitor Q th November 2013
DKM/IBF SME Market Monitor Q3 2013 14 th November 2013 Food Accommodation Construction Retail Cashflow Collateral Finance Investment Employment Sentiment Spending Turnover Prepared for the Irish Banking
More informationARUBA MAY Contents. Page. money. No. 282
CENTRALE C BANK B VAN ARUBA MONTHLY BULLETIN MAY 20111 Contents I. Main economicc indicators Page 1 Statistical Annex 1. Monetary survey 2. Components of broad money 3. Causes of changes in broad money
More informationPart One. Economic Developments of Iran in 1394
Part One Economic Developments of Iran in 39 In the Name of God, The Compassionate, The Merciful CHAPTER ECONOMIC REPORT AND BALANCE SHEET 39 NATIONAL PRODUCT, EXPENDITURE AND INCOME Gross Domestic Product
More informationBank Lending Survey August 2018
Bank Lending Survey August 18 Bank Lending Survey * August 18 * See the Annex and the Methodological Notes for issues related to the particulars and terminology used herein at (http://www.bnro.ro/bank-lending-survey-6512.aspx).
More informationNOTE ECONOMIC DEVELOPMENTS CURAÇAO
NOTE ECONOMIC DEVELOPMENTS CURAÇAO JULY 2018 CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN 2 Centrale Bank van Curaçao en Sint Maarten Note Economic Developments Curaçao Centrale Bank van Curaçao en Sint Maarten
More informationBRAZIL. 1. General trends
Economic Survey of Latin America and the Caribbean 2017 1 BRAZIL 1. General trends Brazil s economic performance indicates that obstacles remain on the path back to growth. After declining in the past
More informationGROSS DOMESTIC PRODUCT, FIRST QUARTER OF 2017 (PRELIMINARY DATA)
GROSS DOMESTIC PRODUCT, FIRST QUARTER OF 2017 (PRELIMINARY DATA) In the first quarter of 2017 GDP at current prices amounts to 20 066 million BGN. In Euro terms GDP is 10 260 million Euro or 1 445 euro
More informationConsumer Confidence Survey
Consumer Confidence The May 2017 round of the Consumer Confidence (CCS) 1 conducted by the Reserve Bank in six metropolitan cities - Bengaluru; Chennai; Hyderabad; Kolkata; Mumbai; and New Delhi - obtained
More informationMPC MARKET PERCEPTIONS SURVEY - MARCH
MPC MARKET PERCEPTIONS SURVEY - MARCH 2018 1 CONTENTS BACKGROUND......4 SURVEY METHODOLOGY......4 HIGHLIGHTS OF THE SURVEY.........4 INFLATION EXPECTATIONS....5 EXCHANGE RATE EXPECTATIONS...6 PRIVATE SECTOR
More informationKey statistics for Sensis Business Index (September 2018) SM B confidence: National average +42 7
Key statistics for Sensis Business Index (September 2018) The Sensis Business Index is a quarterly survey of 1,000 small and medium businesses, which commenced in 1993. Note: This survey was conducted
More informationSenior loan officer survey on bank lending practices
Senior loan officer survey on bank lending practices Summary of the aggregate results of the survey for 2 August 211 Summary of the aggregate results of the survey for 2 August 211 Senior loan officer
More information(Preliminary) GDP and GNI Growth Rates p 2018 p Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
PRESS RELEASE Embargoed until release at 8:00 A.M., September 4, 2018 2018-9-4 Kim Byoung Soo: 82-2-759-4450 (production) kbss77@bok.or.kr Hwang Ji Yong: 82-2-759-5237 (expenditure) jyhwang@bok.or.kr Gross
More informationPart One. Economic Developments of Iran in 1393
Part One Economic Developments of Iran in 1393 In the Name of God, The Compassionate, The Merciful CHAPTER 1 ECONOMIC REPORT AND BALANCE SHEET 1393 NATIONAL PRODUCT, EXPENDITURE AND INCOME Gross Domestic
More informationBANK VAN ARUBA CENTRALE. Page. Contents. I. Main. institutions. 10. Tourism. No. 344
C CENTRALE BANK VAN ARUBA MONTHLY BULLETIN JULY 2016 Contents I. Main economic indicators II. Operations of the CBA Page 1 3 Statistical Annex 1. Monetary survey 2. Components of broad money 3. Causes
More informationTRINIDAD AND TOBAGO. 1. General trends
Economic Survey of Latin America and the Caribbean 2018 1 TRINIDAD AND TOBAGO 1. General trends The economy of Trinidad and Tobago remained in recession in 2017, with growth rate estimated at -2.3%. The
More informationUNSCO Socio-Economic Report: Overview of the Palestinian Economy in Q1/2014
Office of the United Nations Special Coordinator for the Middle East Peace Process UNSCO UNSCO Socio-Economic Report: Overview of the Palestinian Economy in Q1/2014 Economic activity Real quarterly GDP
More informationGROSS DOMESTIC PRODUCT, FIRST QUARTER OF 2018 (PRELIMINARY DATA)
GROSS DOMESTIC PRODUCT, FIRST QUARTER OF 2018 (PRELIMINARY DATA) In the first quarter of 2018 Gross Domestic Product (GDP) 1 at current prices amounts to 21 479 million BGN. In Euro terms GDP is 10 982
More informationTRINIDAD AND TOBAGO. 1. General trends
Economic Survey of Latin America and the Caribbean 2017 1 TRINIDAD AND TOBAGO 1. General trends In 2016 Trinidad and Tobago experienced its third consecutive year of negative growth, with a contraction
More informationGROSS DOMESTIC PRODUCT FOR THE FIRST QUARTER OF 2014 (PRELIMINARY DATA)
GROSS DOMESTIC PRODUCT FOR THE FIRST QUARTER OF 2014 (PRELIMINARY DATA) In the first quarter of 2014 GDP at current prices amounts to 16 097 Million Levs. In Euro terms GDP is 8 230 Million Euro or 1 136
More informationSUMMARY OF MACROECONOMIC DEVELOPMENTS
SUMMARY OF MACROECONOMIC DEVELOPMENTS FEBRUARY 2018 2 Summary of macroeconomic developments, February 2018 Forecasts for global economic developments over the medium term are optimistic. In its January
More informationTHE KWAZULU NATAL ECONOMY A PERFORMANCE OVERVIEW 1 UPDATE 28
Province of KwaZulu-Natal Provincial Treasury IMES Unit THE KWAZULU NATAL ECONOMY A PERFORMANCE OVERVIEW 1 UPDATE 28 Clive Coetzee General Manager: IMES Unit Economist clive.coetzee@kzntreasury.gov.za
More informationGROSS DOMESTIC PRODUCT, SECOND QUARTER OF 2014 (PRELIMINARY DATA)
GROSS DOMESTIC PRODUCT, SECOND QUARTER OF 2014 (PRELIMINARY DATA) In the second quarter of 2014 GDP at current prices amounts to 19 517 million BGN. In Euro terms GDP is 9 979 million Euro or 1 379 euro
More informationCENTRALE BANK VAN CURAÇAO EN SINT MAARTEN
CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN QUARTERLY BULLETIN 2014-III 2014 I: REPORT OF THE PRESIDENT GENERAL OVERVIEW During the third quarter of 2014, the economy of Curaçao grew by a marginal 0.1%,
More informationBank of Albania Monetary Policy Department
Bank of Albania Monetary Policy Department Bank Lending Survey Results for 217 Q3 October 217 1 Bank lending survey results in 217 Q3 show credit standards were tightened on loans to enterprises, and eased
More informationGROSS DOMESTIC PRODUCT FOR THE FIRST QUARTER OF 2011
GROSS DOMESTIC PRODUCT FOR THE FIRST QUARTER OF 2011 In the first quarter of 2011 GDP at current prices amounts to 15 903 million levs. In Euro terms GDP reaches to 8 131 million euro or 1 084.4 euro per
More informationNOTE ECONOMIC DEVELOPMENTS SINT MAARTEN
NOTE ECONOMIC DEVELOPMENTS SINT MAARTEN MARCH 2018 CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN 2 Centrale Bank van Curaçao en Sint Maarten Note Economic Developments Sint Maarten Centrale Bank van Curaçao
More informationMPC MARKET PERCEPTIONS SURVEY - SEPTEMBER
MPC MARKET PERCEPTIONS SURVEY - SEPTEMBER 2018 1 CONTENTS BACKGROUND TO THE MARKET PERCEPTIONS SURVEYS...3 INTRODUCTION......4 SURVEY METHODOLOGY......4 HIGHLIGHTS OF THE SURVEY.......4 CURRENT ECONOMIC
More informationTHE KWAZULU NATAL ECONOMY A PERFORMANCE OVERVIEW 1 UPDATE 27
Province of KwaZulu-Natal Provincial Treasury IMES Unit THE KWAZULU NATAL ECONOMY A PERFORMANCE OVERVIEW 1 UPDATE 27 Clive Coetzee General Manager: IMES Unit Economist clive.coetzee@kzntreasury.gov.za
More informationthe EURO AREA BANK LENDING SURVEY
the EURO AREA BANK LENDING SURVEY 4TH QUARTER OF 213 In 214 all ECB publications feature a motif taken from the 2 banknote. JANUARY 214 European Central Bank, 214 Address Kaiserstrasse 29, 6311 Frankfurt
More informationJAPANESE ECONOMY Mixed scenarios regarding corporate earnings... 1
JAPANESE ECONOMY Mixed scenarios regarding corporate earnings... 1 US ECONOMY The U.S. economy remains steady.... 3 Second quarter current account deficits fell to $19.7 billion.... 3 EUROPEAN ECONOMY
More informationAnalysis of Developments in the External Sector of the Economy
B a n k of A l b a n i a Analysis of Developments in the External Sector of the Economy 212 Q4 Olti Mitre, Merita Boka Monetary Policy Department April 213 The views expressed in this material are those
More informationEconomic Update 9/2016
Economic Update 9/ Date of issue: 10 October Central Bank of Malta, Address Pjazza Kastilja Valletta VLT 1060 Malta Telephone (+356) 2550 0000 Fax (+356) 2550 2500 Website https://www.centralbankmalta.org
More informationREVIEW OF THE SURVEY OF THE FINANCIAL BEHAVIOUR OF HOUSEHOLDS SURVEY REVIEW OF THE BANK LENDING
REVIEW OF THE SURVEY OF THE FINANCIAL BEHAVIOUR 14 13 Q1 OF HOUSEHOLDS REVIEW OF THE BANK LENDING SURVEY ISSN 2335-841 (ONLINE) REVIEW OF THE BANK LENDING SURVEY 14/2 The lending survey of commercial banks
More informationConsumer Confidence Survey. Chart 1: Consumer Confidence Indices
Consumer Confidence Today, the Reserve Bank released the results of the September 2018 round of its Consumer Confidence (CCS) 1. The survey was conducted in 13 major cities 2 Ahmedabad, Bengaluru, Bhopal,
More informationCENTRALE BANK VAN ARUBA
CENTRALE BANK VAN ARUBA QUARTERLY BULLETIN 2009 IV June 17, 2010 Issue no. 94 Correspondence related to this report should be addressed to the Research Department of the Centrale Bank van Aruba J.E. Irausquin
More informationECONOMIC DEVELOPMENTS IN 2017 AND OUTLOOK FOR 2018
ECONOMIC DEVELOPMENTS IN 2017 AND OUTLOOK FOR 2018 Foreword Preliminary data suggest that real GDP contracted in the monetary union of Curaçao and Sint Maarten in 2017 as activities dropped in both economies.
More informationGROSS DOMESTIC PRODUCT FOR THE FOURTH QUARTER OF 2017 AND 2017 (PRELIMINARY DATA)
GROSS DOMESTIC PRODUCT FOR THE FOURTH QUARTER OF 2017 AND 2017 (PRELIMINARY DATA) In the fourth quarter of 2017 GDP at current prices amounted to 27 427 million BGN. In Euro terms GDP reaches 14 023 million
More informationGROSS DOMESTIC PRODUCT FOR THE THIRD QUARTER OF 2013
GROSS DOMESTIC PRODUCT FOR THE THIRD QUARTER OF 2013 In the third quarter of 2013 GDP at current prices amounts to 21 590 million BGN. In Euro terms GDP is 11 039 million euro or 1 519 euro per person.
More informationECONOMIC & REVENUE UPDATE
January 11, 2018 Summary summary The U.S. labor market gained 148,000 net new jobs in December. U.S. housing starts in November 2017 were 12.9% above their year-ago level. Consumer confidence declined
More informationColombia. 1. General trends. The Colombian economy grew by 2.5% in 2008, a lower rate than the sustained growth of
Economic Survey of Latin America and the Caribbean 2008-2009 129 Colombia 1. General trends The Colombian economy grew by 2.5% in 2008, a lower rate than the sustained growth of recent years. Indicators
More informationPre-budget economic analysis Key facts and figures
Pre-budget economic analysis Key facts and figures June 2008 Advisory Table of Contents Page 1 Macro-economic overview 1 2 External sector 10 3 Government finance 16 Appendix 1 - Glossary 21 Section 1
More informationInternational Monetary Fund Washington, D.C.
2010 International Monetary Fund October 2010 IMF Country Report No. 10/335 October 6, 2010 January 29, 2001 January 29, 2001 January 29, 2001 January 29, 2001 Kingdom of the Netherlands Aruba: Statistical
More informationSensis Business Index March 2018
Sensis Business Index March 2018 A survey of confidence and behaviour of Australian small and medium businesses Released April 2018 OPEN www.sensis.com.au/sbi Join the conversation: @sensis #SensisBiz
More information1. Economy. Economic Aggregates. Merchandise Foreign Trade. Prices. Financial Statistics. Government Finance. Wages and Compensation
12 Statistical Yearbook of Abu Dhabi 2016 1. Economy Economic Aggregates Merchandise Foreign Trade Prices Financial Statistics Government Finance Wages and Compensation Foreign Investment Statistical Yearbook
More informationGROSS DOMESTIC PRODUCT FOR THE FOURTH QUARTER OF 2015 AND PRELIMINARY DATA FOR 2015
GROSS DOMESTIC PRODUCT FOR THE FOURTH QUARTER OF 2015 AND PRELIMINARY DATA FOR 2015 In the fourth quarter of 2015 GDP at current prices amounted to 23 699 million BGN. In Euro terms GDP reaches 12 117
More informationInter-Provincial Exports
ECONOMIC COMMENTARY Inter-Provincial Exports Highlights: Although the Alberta economy is heavily dependent on international exports Alberta s exports of goods and services to the other provinces and territories
More informationTrends in Labour Productivity in Alberta
Trends in Labour Productivity in Alberta June 2016 -2- Introduction Labour productivity is the single most important determinant in maintaining and enhancing sustained prosperity for Albertans. Higher
More informationGROSS DOMESTIC PRODUCT, THIRD QUARTER OF 2018 (PRELIMINARY DATA)
GROSS DOMESTIC PRODUCT, THIRD QUARTER OF 2018 (PRELIMINARY DATA) In the third quarter of 2018 Gross Domestic Product (GDP) 1 at current prices amounts to 29 822 million BGN. In Euro terms GDP is 15 248
More informationBolivarian Republic of Venezuela
92 Economic Commission for Latin America and the Caribbean (ECLAC) Bolivarian Republic of Venezuela 1. General trends The Venezuelan economy contracted by 3.3% in 2009, and the rate of inflation was 25.1%.
More informationSelected results on small and medium-sized enterprises in Germany )
Dr. Sandra Jung Selected results on small and medium-sized in Germany 2007 1 ) Micro, small and medium-sized (SMEs) are very important for the German economy. Users frequently request SME data from official
More informationSensis Business Index December 2018
Sensis Business Index ember 20 A survey of confidence and behaviour of Australian small and medium businesses Released February 2019 OPEN www.sensis.com.au/sbi Join the conversation: @sensis #SensisBiz
More informationTrends in Labour Productivity in Alberta
Trends in Labour Productivity in Alberta July 2012 -2- Introduction Labour productivity is the single most important determinant in maintaining and enhancing sustained prosperity 1. Higher productivity
More informationCONSUMER SURVEY, APRIL 2015
CONSUMER SURVEY, APRIL 215 In April 215 the total consumer confidence indicator increases by 2.6 percentage points in comparison with its January level (Annex, Figure 1) as for the urban population the
More informationApril June 2014 Banks in Bulgaria
April June 214 . April June 214 Banks in Bulgaria BULGARIAN NATIONAL BANK 2Banks in Bulgaria April June 214 Bulgarian National Bank, 214 This issue includes materials and data received by 4 August 214
More informationChart 1 Development of real GDP by quarters (year-on-year growth in %)
A T E C 1 14 12 1 8 4 2-2 -4 I -9-12 -15 8/29B volume 17, Development of the real economy in the first quarter of 29 Viera Kollárová, Helena Solčánska Národná banka Slovenska The indicators of Slovakia
More informationGROSS DOMESTIC PRODUCT, SECOND QUARTER OF 2017 (PRELIMINARY DATA)
GROSS DOMESTIC PRODUCT, SECOND QUARTER OF 2017 (PRELIMINARY DATA) In the second quarter of 2017 Gross Domestic Product (GDP) 1 at current prices amounts to 24 149 million BGN. In Euro terms GDP is 12 347
More informationBolivarian Republic of Venezuela
Economic Survey of Latin America and the Caribbean 2008-2009 107 Bolivarian Republic of Venezuela 1. General trends The Venezuelan economy exhibited less buoyant growth in 2008 than in previous years:
More informationGUATEMALA. 1. General trends
Economic Survey of Latin America and the Caribbean 2014 1 GUATEMALA 1. General trends GDP grew by 3.7% in 2013 in real terms, versus 3.0% in 2012, reflecting the robustness of domestic demand, mainly from
More informationManufacturing Barometer Business outlook report July 2014
www.pwc.com Manufacturing Barometer Business outlook report July 2014 Contents 1 Quarterly highlights Page 1.1 Key indicators for the business outlook 5 1.1 Manufacturing current assessment and outlook
More informationFORMAL SECTOR EMPLOYMENT SURVEY- SEPTEMBER
2 1. INTRODUCTION This Stats Brief presents results of the September 2015 Employment Survey. The results give summary estimates of formal sector employment, monthly average cash earnings, and minimum hourly
More informationGross domestic product, 2008 (Preliminary estimation)
Internet publication www.ksh.hu Hungarian September 2009 Central Statistical Office ISBN 978-963-235-266-4 Gross domestic product, 2008 (Preliminary estimation) Contents Summary...2 Tables...4 Methodological
More informationMonthly policy monetary report November monetary policy monthly report
Monthly policy monetary report 2006 Bank of Albania monetary policy monthly report NOVEMBER 2006 Bank of Albania 2006 Monthly policy monetary report I Main highlights Annual inflation rate in 2006 recorded
More informationScotland's Exports
SPICe Briefing Pàipear-ullachaidh SPICe Scotland's Exports - 2016 Andrew Aiton This briefing analyses the Export Statistics Scotland 2016 release from the Scottish Government, providing a breakdown of
More information