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Economy & Business - June 2004
URUGUAY: Recovery gathers strength
The economy is picking up. Imports in May were 47% up on May 2003. Even after stripping out higher oil prices, the jump was still 35% in May, the central bank reported.
For the first five months of the year the increase in imports is 42% (with or without oil). The big increase has been in imports of capital equipment, especially by the private sector. Imports of capital equipment by the public sector have been more modest. The import figures are a reliable guide to what is happening in the economy overall. In the first quarter the economy grew 14.3% year-on-year. Quarter-on-quarter growth was 1.7%.
- Better than forecast
- What's happening in 2004?
- Finance minister raises growth forecast
- BRAZIL: Government asserts itself
- ARGENTINA: Recovery on again
- CHILE: Corbo sticks to low interest rate policy
- PARAGUAY: IMF criticises breaks for business
- URUGUAY: Recovery gathers strength
- BOLIVIA: Optimism from central bank
- VENEZUELA: Braced for the referendum
- COLOMBIA: Steady
- ECUADOR: Oil exports jump
- PERU: Economy re-rated
- COSTA RICA: Fiscal reform finally approved
- CUBA: Sol Melía raises profits by 27%
- DOMINICAN REPUBLIC: AES calls government's bluff
- EL SALVADOR: Saca gets FMLN support for budget
- GUATEMALA: Fiscal compromise to cost at least Q1bn
- HONDURAS: Good harvest
- NICARAGUA: Inflation jumps
- PANAMA: Blockages
- PRIVATISATION: Congress alleges oil privatisation in Mexico
- BUSINESS: CVRD looks north
- USDA optimism at odds with local figures
- METALS: Chile's copper exports double, but prices stable
- COMMODITIES BRIEF
- ARGENTINA: Bondholders ask for more