monetary policy report

Real Sector Developments Report – September 2021

Real Sector Developments Report – September 2021

Domestic economic activity continued to show strong signs of recovery from the adverse effects of the COVID-19 pandemic. The latest high frequency indicators recorded broad-based improvement in July 2021 compared to same period last year. Domestic VAT collections, retail sales, port activity, private sector contributions to social security, vehicle registration and passenger arrivals at the airport all improved in the review period.