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Mixed sectoral performance in January: RBF

March 4, 2019 10:17 am
Visitor arrivals noted an annual growth of 1.9 percent in January

The domestic sectoral performances in January were mixed says the Reserve Bank in its latest economic review.

Visitor arrivals noted an annual growth of 1.9 percent in January, driven by higher tourist numbers from New Zealand, Japan, China, Canada, US, and Hong Kong.

The RBF says similarly, electricity production grew on an annual basis by 3.3 percent of which 69.4 percent was sourced from renewable energy stations.

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Unfavourable weather conditions and accessibility issues affected the timber industry outcomes in the first month of the year.

It says production of sawn timber increased while pine log and wood chip production fell.

Gold production was also affected in January and noted a substantial decline of 33.3 percent.

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