The Green Book: Current Economic Trends
Overview Although employment continues to grow, inflation remains low amid falling oil prices and major indicators due to temporary factors. Mining and manufacturing production and retail sales fell due to the Lunar New Year holiday and a high base effect following a year-end production surge. The economy continued to add jobs in January, but at a slower rate due to a high base effect, adding 347,000 jobs year-on-year compared with 422,000 jobs in the previous month. Consumer price inflation remained low in February, rising 0.5 percent year-on-year, due to low international oil prices,...