In March, the Central Bank of Venezuela announced a new National Retail Price Index as the main economic indicators continue to 'update and revision process. On the other hand, the international oil price continues to increase and there is still hope that the economy produced by the United States in the first semester because of concerns about global recession is greater.
In March, the Central Bank of Venezuela presented a new National Retail Price Index. There is a difference between this and the index before the index: price index used is registered in the Caracas Metropolitan Area and Maracaibo, while using the new price listed on the country's ten most important areas such as the Metropolitan: Maracay, Valencia, Barquisimeto, Merida, San Cristobal, Ciudad Guayana, Barcelona-Puerto La Cruz and Maturin, in addition to 84 other small, medium and size of rural population.
This new index will complete the update indicator of the cycle, together with the change metodological basis for a better representation is a new basket of goods and services. Besides allowing a greater homogeneity in the calculation. This new index is expected to be available in April, together with the indicator is calculated for the Caracas Metropolitan Area.
In regard to the financial system and according to reports from Sudeban, the people's deposits is 176 985 million at the end of February, which is an additional 1.39% variation compared to the previous month. In the savings account and deposit down at 1.37% and 0.26% respectively, while in the long-term deposits increased by 8.90%.
On credit, in February they signed a 104.4 million with the increase of 59.5% (27.3% in real terms) compared with the same month the previous year. Economy with the destination of many variations of credit and consumption, with increased 113.4% and 80.2%, respectively. Credit on commercial activities (sectors that represent nearly 50% of the total credit) increased by only 22.5%.
So..... Is it good or bad? What do u think?
Source Article: www.conapri.org
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