Saturday, July 24We Break the News

The Dow Jones Index increased 0.52%, Costa Rica Economy Shrinks Less in Q4, Kosovo GDP Annual Growth Rate at 0.7% in Q4, Bosnia Retail Sales Fall Less in February

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The Dow Jones Index increased 0.52%
United States Stock Market went up by 172 points. The rise was driven by Salesforce.com (3.23%), Microsoft (2.79%) and Visa (2.42%). Biggest losses came from Procter & Gamble (-0.85%) and Walmart (-0.15%).
Costa Rica Economy Shrinks Less in Q4
Costa Rica’s GDP shrank by 3.7 percent year-on-year in the fourth quarter of 2020, following an upwardly revised 7 percent decline in the previous period, amid the ongoing pandemic crisis. Output contracted at a slower pace for hotels & restaurants (-48-3 percent vs -57.2 percent in Q3); transportation & storage (-24.1 percent vs -30.6 percent); internal trade (-7.8 percent vs -13.6 percent); professional, scientific, administrative & support services (-0.9 percent vs -6.6 percent) and mining (-8.7 percent vs -15.7 percent). On a brighter note, robust growth was observed in manufacturing (8.1 percent vs 3.9 percent).
Kosovo GDP Annual Growth Rate at 0.7% in Q4
Kosovo’s GDP grew 0.7 percent year-on-year in the fourth quarter of 2020, after a 7.3 percent contraction in the previous period. Household consumption advanced 3.8 percent (vs 16.92 percent in Q3) and government expenditure went up 3.12 percent (vs 5.99 percent) while gross fixed capital formation shrank 10.94 percent (vs -10.18 percent). Meantime, foreign demand contributed positively to growth, as exports rose 11.16 percent (vs -51.91 percent in Q3) while imports rose at a softer 3.68 percent (vs -13.51 percent).
Bosnia Retail Sales Fall Less in February
Retail sales in Bosnia and Herzegovina went down 0.5 percent year-on-year in February of 2021, easing from a 1.7 percent drop in the previous month. Sales of automotive fuels declined at a softer pace (-3.4 percent vs -15.6 percent in January) while those of food, beverages & tobacco fell faster (-3.3 percent vs -1.7 percent). Meantime, non-food sabes increased 2.6 percent, slowing from a 4.8 percent rise. On a monthly basis, retail trade advanced 3.8 percent, following a 4.7 percent gain in January.

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