BARBADOS stone coated steel roof market

Barbados central bank recently released the first half of 2016 economic operation report. Data show that the first half of this year, economic growth of 1.3%, the growth rate declined slightly compared with the first quarter. In addition, although the total number of visitors over the same period last year, but the growth rate was slightly lower than the first quarter of 5%. In addition to the above reasons, debt service requirements, reduce the international reserve stock of Barbados $21 million 500 thousand, to $442 million, equivalent to 13.6 weeks of imports of goods and services sales.

From the source point of view, the United States and Canada and the total area of tourists increased by 13% and 14%, respectively, the British and Canadian tourists growth. Private capital inflows rose to $43 million 500 thousand, mainly due to the hotel development projects, non residents to purchase real estate, and a large amount of foreign acquisitions (Padaung beer factory BANKS equity sold to a Brazil group). Public funds net outflow of $41 million, mainly for external debt and equity to pay last year, public capital outflows amounted to $94 million 500 thousand.

Other economic indicators also include: the construction industry growth of 2%; as the average unemployment rate of nearly 12 months of the year March was 10.7% (as of 2015 March, nearly 12 months the average unemployment rate was 12.4%;); international economic and financial services license approval rate fell 3%; since the beginning of the year 6 banks closed, at present the international bank maintained at 28; 1 to April this year, exports of bottled and bulk rum increased by 11% and 13% respectively; the amount of the loss of foreign exchange reserves equivalent to half of the first half of 2015 foreign exchange reserves; as oil prices continued to decline, fuel imports decreased by 33%; 4 to June fiscal deficit to expand the $14 million to $102 million.

At present, Pakistan Pakistan's central bank on 2016 economic growth rate is expected to be reduced to 1.5%, mainly because most large investment projects not implemented on schedule. The recent devaluation of the pound will also have an impact on the British in the purchase of the villa and two suites.