Tue, Sep 22 2009, 12:32 GMT
by Credit Libanais Research Unit
The Ministry of Industry conveyed a 13.37% annual contraction in Lebanon’s industrial exports to $1,516 million through July 2009, down from $1,750 million a year earlier.
According to the Lebanese Ministry of Tourism, the number of tourists arriving to Lebanon rose markedly by 45.07% to 1,284,945 tourists through August 2009, up from 885,729 in the same period in 2008.
In the banking sector, the consolidated balance sheet of commercial banks in Lebanon unveils a 1.70% monthly expansion in total banking sector assets to LBP 158,867 billion ($105.38 billion) through July 2009.
According to As-Safir newspaper, the Lebanese Central Bank governor Mr. Riad Salameh recently expected lending activity to expand by around 14% during the last quarter of the year.
According to government official data, Bahrain’s inflation rate eased to 1.67% in August 2009 in comparison with 2.9% in July, posting its lowest pace since two years.
The U.S. Labor Department conveyed a 0.4% monthly increase in the U.S. Consumer Price Index “CPI” in August 2009 on the back of soaring gasoline prices.
Published on Tue, Sep 22 2009, 12:38 GMT
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