Fiji Times Monday 04 September 2017 AGGREGATE demand continues to expand with partial indicators revealing upbeat consumption and investment spending into the second half of the year.
The Reserve Bank of Fiji (RBF), in its recent Economic Review, recorded an expansion of new consumption lending by commercial banks in the year to July (7.9 per cent to $506.9m).
This was led by higher lending to wholesale, retail, hotels and restaurants sector (27.6 per cent to $409.4m).
Increases were also noted in new vehicle registrations (4.9 per cent) and net VAT collections (15.7 per cent) cumulative to June.
The central bank expects consumer demand in the medium term to be boosted further by increases in disposable incomes and additional job creation from various investment projects. Read more…
