Fiji Reserve Bank Releases ‘Broadly Positive’ Economic News

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Available jobs climbs 8.2%, tourism up, sugar production increases

By Reginald Chandar

SUVA, Fiji (Fijilive, Nov. 30, 2013) – The number of jobs available to those in Fiji's labour market has increased by 8.2 per cent.

According to the Reserve Bank of Fiji’s October Job Advertisement Survey, more positions became vacant in wholesale & retail trade, tourism, community, social & personal services and the construction sectors.

Domestically, performances across key sectors of the economy have been broadly positive in the review period.

Cumulative to October, electricity production registered an annual growth of 5.2 percent while sugar production was 16.2 percent higher this season.

Similarly, short-term visitor arrivals from Australia and New Zealand, cumulative to September, rose by 0.2 percent and 4.5 percent respectively.

Gold production in the year to October registered an annual decline of 11.6 percent, although it improved by 28.5 percent over the month.

New vehicle sales rose annually by 43.2 percent in the year to October while new lending for consumption purposes increased by 112.2 percent on an annual basis in the same period.

In addition, net VAT collections grew by 12.7 percent in the first ten months of the year compared with the same period last year.

Inflation in October increased further to 3.3 percent from 3.1 percent in September, fuelled mainly by the higher prices of certain items in the food & non-alcoholic beverages category followed by alcoholic beverages, tobacco, narcotics and education categories.

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