Reserve Bank Observes Growth In Multiple Sectors

Reserve Bank Observes Growth In Multiple Sectors

Fiji Sun, 04 June 2018 – Domestically, sectoral performances were generally positive with firm recovery noted in some sectors.

Cumulative to April, visitor arrivals grew by 1.4 per cent with increased arrivals from New Zealand, US, China, India and the rest of Asia.

In addition, gold and timber production continued to show significant improvements in the same period.

Likewise, electricity generation also grew by 0.9 percent, with 70.5 percent of total generation sourced from renewable sources.

However, fish production fell by 5.3 percent in the year to March but is expected to pick up in the months ahead as weather conditions are anticipated to be more favourable.

In terms of aggregate demand, consumption activity remains strong while partial indicators for investment revealed mixed outcomes over the month. Read more…