Economic indicators

BELGRADE - The world has never in its history been so indebted, and IMF estimates that the total global debt amounts to 152 trillion dollars or 225 percent of global GDP.

When this is converted, it seems that almost every of 7,5 billion inhabitants of Earth owes around $20,000, writes Vecernji.hr.

A study released by the IMF revealed that private and public debt across the globe have reached unprecedented levels. The report claims the aggregate debt last year exceeded the world’s generated wealth by more than double. Not counting the financial sector, global debt amounted to 152 trillion US dollars at the end of 2015, translated into 255% of world’s nominal GDP.

Activity in Greece's manufacturing sector shrank again in September after expanding in August, as production and new orders dropped, a survey showed on Monday.

Markit's Purchasing Managers' Index for manufacturing, which accounts for about 10 percent of the Greek economy, fell to 49.2 points last month from 50.4 in August. Readings below 50 denote contractions in activity.

Exports have become the main factor of Serbia's economic growth, with household spending playing an increasing role in it.

This is according to Lazar Sestovic, chief World Bank economist for Serbia.

Turkey's manufacturing sector continued to grow last month despite losing momentum, while eurozone manufacturing grew at its fastest rate since mid-2011, a survey showed on Jan. 2.

In July, Bulgaria's balance of payments remained positive and marked a solid improvement for the first seven months of 2016, showed BNB data, cited by BNR.

The current account balance and the capital account balance were positive in July and amounted to Euro 635.7 M, compared to a surplus of Euro 566 M in July 2015.

Turkey's industrial production declined sharply in July, largely as a result of the failed coup attempt on July 15, data from the Turkish Statistics Institute (TÜİK) showed on Sept. 8. 

Industrial output fell 4.9 percent in July, on a calendar-adjusted basis, from the same month last year.

Greek manufacturing activity shrank for the fourth month in a row in May as a big drop in new orders was accompanied by job losses and a fall in production, a survey showed on Wednesday.

The third consecutive day of stock gains in the Greek bourse on Friday brought the weekly gains of the benchmark to 3.76 percent and those of the bank index to over 10 percent, as the government edged ever closer to fulfilling most of the demands of its creditors.

China's economic recovery stabilised in April, an official factory activity gauge showed May 1, as the property market recovered and credit grew.
 
The Purchasing Manager's Index (PMI), tracking activity in factories and workshops, rose for the second successive month, the National Bureau of Statistics said.