Latest news with #statisticsagency
Reuters
2 days ago
- Business
- Reuters
RBNZ Q2 sectoral factor inflation model at 2.8% y/y
SYDNEY, July 21 (Reuters) - The Reserve Bank of New Zealand (RBNZ) said on Monday its sectoral factor model of core inflation was 2.8% year-on-year in the second quarter, down from 2.9% in the prior quarter. The country's official statistics agency earlier in the day released figures that showed annual inflation came in at 2.7% in the second quarter, its highest in a year, leading markets to narrow the odds on a rate cut next month given weakness in the broader economy. Both measures are closely watched by the RBNZ, which has a monetary policy goal of keeping inflation within its target range of 1% to 3%.
Reuters
3 days ago
- Business
- Reuters
Morocco's economic growth to slow to 4% in 2026, statistics agency says
RABAT, July 15 (Reuters) - Morocco's economic growth is likely to slow down to 4% next year from 4.4% expected this year, the official statistics agency HCP said on Tuesday, citing global trade uncertainties. The forecast was based on assumptions of an average wheat harvest and a drop in foreign demand for Moroccan goods, the statistics agency said in a report. "The fragmentation of international trade and persistent uncertainties are expected to weigh on the growth of trade in goods and services, thereby limiting the recovery of foreign demand directed at Morocco," it said. Domestic demand continues to drive imports, contributing to the widening of the current account deficit seen at 1.9% of gross domestic product in 2026, up from 1.8% in 2025, the statistics agency said. The fiscal deficit would narrow to 3.4% of GDP in 2026, from 3.6% this year, as higher tax revenue offset increased government spending, it said.
Zawya
15-07-2025
- Business
- Zawya
Morocco's economic growth to slow to 4% in 2026, statistics agency says
Morocco's economic growth is likely to slow down to 4% next year from 4.4% expected this year, the official statistics agency HCP said on Tuesday, citing global trade uncertainties. The forecast was based on assumptions of an average wheat harvest and a drop in foreign demand for Moroccan goods, the statistics agency said in a report. "The fragmentation of international trade and persistent uncertainties are expected to weigh on the growth of trade in goods and services, thereby limiting the recovery of foreign demand directed at Morocco," it said. Domestic demand continues to drive imports, contributing to the widening of the current account deficit seen at 1.9% of gross domestic product in 2026, up from 1.8% in 2025, the statistics agency said. The fiscal deficit would narrow to 3.4% of GDP in 2026, from 3.6% this year, as higher tax revenue offset increased government spending, it said. (Reporting by Ahmed Eljechtimi Editing by Tomasz Janowski)
CNA
04-07-2025
- Business
- CNA
Philippine annual inflation at 1.4% in June
MANILA :Philippine annual inflation slightly quickened to 1.4 per cent in June, compared to the previous month's 1.3 per cent print, the statistics agency said on Friday, due to the faster pace of increases in utility costs. Economists in a Reuters poll had expected annual inflation of 1.5 per cent last month, within the central bank's forecast range of 1.1 to 1.9 per cent. Core inflation, which strips out volatile food and energy prices, was unchanged at 2.2 per cent in June. Inflation in the first half of the year averaged 1.8 per cent, within the central bank's 2 per cent to 4 per cent target for the year.
Reuters
20-06-2025
- Business
- Reuters
Morocco's annual inflation drops to 0.4% in May
RABAT, June 20 (Reuters) - Morocco's annual inflation, measured by the consumer price index, dropped to 0.4% in May from 0.7% a month earlier, the North African country's statistics agency said on Friday. Food prices, the main driver of inflation, rose 0.5% from a year earlier, while non-food inflation increased 0.3%. Core inflation, which excludes more volatile goods such as food, was up 1.1% year-on-year and stable month-on-month.
