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News

Performances across key sectors varied: RBF

June 2, 2014 7:04 pm

The Reserve Bank of Fiji says performances across key sectors varied, but remained positive.

In its latest review the Bank says data on tourism suggests the industry continues to expand.

Electricity production noted a 3.3 percent yearly increase..

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Timber production was upbeat as well, as woodchip production was more then double.

However gold production declined by 4.1 percent.

The RBF says the fishing industry continues to note an annual decline in production.

Consumption and investment activity remain strong.

The review says the buoyant demand in the economy is well reflected in the labour market.

The number of jobs advertised increased by 17.2 percent, led by high recruitment intentions in the manufacturing sector.

Inflation rose to 0.1 percent in April from -0.2 percent recorded in March.

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