South Africa Building Permits Rise Less in March
The value of recorded building plans passed in South Africa rose 3.4 percent from a year earlier in March of 2021, down from an upwardly revised 22.2 percent jump in the previous month. Building plans for the non-residential segment (18.5 percent vs 49.8 percent in February) and additions & alterations (3.1 percent vs 5.4 percent) posted smaller increases. In addition, those for the residential segment declined (-3.1 percent vs 20.2 percent).
Croatia Unemployment Rate Falls to 8.9% in April
Croatia’s jobless rate fell to 8.9 percent in April 2021, from 9.4 percent in the same month last year as the economy tries to recover from the coronavirus hit. The number of unemployed persons declined by 6.6 percent to 148,744 and employment went down by 1.2 percent to 1.53 million. In March 2021, the unemployment rate was 9.3 percent.
Italy Current Account Surplus Shrinks in March
Italy’s current account surplus narrowed to EUR 3.099 billion in March of 2021 from EUR 3.412 billion in the corresponding month of the previous year. The goods surplus shrank to EUR 5.482 billion from EUR 5.846 billion and the primary income surplus fell to EUR 1.757 billion from EUR 1.959 billion. Meantime, the secondary income shortfall widened to EUR 2.690 billion from EUR 2.433 billion while the services gap declined to EUR 1.450 billion from EUR 1.959 billion.
Montenegro Current Account Gap Narrows in Q1
Montenegro’s current account deficit shrank to EUR 160 million in the first quarter of 2021 from EUR 322 million in the corresponding period of the previous year. All the balances have recorded an improvement, particularly the goods deficit which narrowed to EUR 322 million from EUR 425 million. In addition, the services account surplus widened to EUR 56.3 million from EUR 39.7 million, the primary income surplus increased to EUR 27.5 million from only EUR 8.31 million a year ago, and the secondary income surplus rose to EUR 77.3 million from EUR 55.4 million.