Real Sector Developments Report – July 2021

monetary policy report

Domestic economic activity continued to reflect strong economic recovery from the adverse effects of the COVID-19 pandemic. The latest high frequency indicators recorded broad-based improvement in May 2021 compared to a year ago. Domestic VAT collections, industrial consumption of electricity, private sector contributions to social security, vehicle registration, port activity, cement sales and passenger arrivals at the airport all improved in the review period.

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