FINWIRE®

Tunisian Central Bank Reports

August 3rd, 2007

Tunisian inflation is under control despite of the fuel prices, record high euro against the US dollar and yen and maintaining commodities prices at a high level.

The economic activity was stabilised by regular improvements in industrial production and high involvement in foreign trade.

In the industrial sector, the general production index increased by 10.4% at the end of May which is 2% higher than for the same period last year.

In foreign trade; comparing to previous year figures the exports of all sectors (mechanical and electrical industries, energy and textile, clothing, footwear) increased by 30.4% and imports (food, raw materials, capital goods) by 23.8%.

Over the last six months the current deficit was reduced by 1.4% of the GDP. There was a progress  in financing to the economy by 4.1% and at the monetary level, M3, aggregate increased by 5.3%.

Bank liquidity improved significantly in June 2007 and the money market interest rate fluctuated between 5.13% and 5.40% from the beginning of July.

The inflation level dropped down to 2.4% at the end of June 2007 compared to 4.6% in the same period in 2006.

Dinar depreciated by 2.2% against the euro and appreciated by 2.5% against the dollar from the beginning of the current year up to July 2007.

Entry Filed under: FINWIRE®