Real Sector Developments Report – January 2021

monetary policy report

Domestic economic activity continues to show signs of recovery from the adverse effects of the COVID-19 pandemic. The November 2020 high frequency data indicated improvements in most real sector indicators compared to the same period a year ago. Retail sales, industrial consumption of electricity, cement sales, vehicle registration and port activity improved, while Domestic VAT collections and tourist arrivals, contracted over the review period.

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