Demand remains buoyant

Fake Facebook profiles involving the Reserve Bank of Fiji

The Fiji Times, 04 October 2017 – AGGREGATE demand remained buoyant in August as indicated by increases in partial consumption indicators, the Reserve Bank of Fiji stated in its Economic Review for month ended September.

The central in its review stated that pay as you earn (PAYE) collections and net value added tax (VAT) rose annually by 12.5 per cent and 14.0 per cent respectively to July.

New vehicle registrations grew by 2.7 per cent cumulative to August while new lending for consumption purposes rose by 10.5 per cent (to $599.8m) in the year to August 2017. Read more…