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FRIDAY, NOVEMBER 22,
1991
THE CORRESPONDING SURPLUS IN THE SAME QUARTER LAST $6,624 MILLION, EQUIVALENT TO 4% OF THE VALUE OF IMPORTS.
YEAR WAS
OF
FOR THE FIRST NINE MONTHS OF 1991, A VISIBLE TRADE DEFICIT
OF IMPORTS, WAS TO 2.9% OF THE VALUE $16,062 MILLION, EQUIVALENT RECORDED.
DEMAND, YEAR BARLIER,
ESTIMATE, PRIVATE ACCORDING TO THE PRELIMINARY QUARTERLY GDP CONSUMPTION EXPENDITURE, AS THE LARGEST COMPONENT OF DOMESTIC GREW BY 6% IN REAL TERMS IN THE SECOND QUARTER OVER A FOLLOWING AN INCREASE OF 5% IN THE FIRST QUARTER.
EXPENDITURE ON CONSUMER
DURABLES SHOWED
PARTICULARLY
SIGNIFICANT GROWTH.
RATE
AS REGARDS GOVERNMENT CONSUMPTION EXPENDITURE, THE GROWTH IN NATIONAL ACCOUNTS TERMS WAS 11% IN REAL TERMS IN THE SECOND QUARTER OVER A YEAR EARLIER, FOLLOWING AN INCREASE OF 7% IN THE FIRST QUARTER.
LOCAL INVESTMENT, MEASURED IN TERMS OF GROSS CAPITAL FORMATION, ROSE BY 11% IN REAL TERMS IN THE OVER A YEAR EARLIER, COMPARED WITH AN INCREASE OF 7% QUARTER.
EXPENDITURE OF THE MAIN COMPONENTS, CONSTRUCTION DECLINED BY 2% IN REAL TERMS IN HAVING INCREASED BY 6% IN THE FIRST QUARTER.
DOMESTIC FIXED SECOND QUARTER IN THE FIRST
ON BUILDING AND THE SECOND QUARTER,
REDUCTION IN PUBLIC
THE DECLINE WAS MAINLY DUE TO A MARKED SECTOR CONSTRUCTION OUTPUT FOLLOWING THE WINDING DOWN OF SEVERAL MAJOR PROJECTS.
AND MACHINERY
EQUIPMENT
IN CONTRAST, EXPENDITURE ON PLANT, REGISTERED A SUBSTANTIAL INCREASE OF 21% IN REAL TERMS IN THE SECOND QUARTER, AFTER A 7% GROWTH IN THE FIRST QUARTER.
DOMESTIC DEMAND STRENGTHENED FURTHER IN THE THIRD QUARTER.
ROBUST ON CONSUMER SPENDING, THE VOLUME OF RETAIL SALES SHOWED
PERIOD GROWTH, BY 14% IN THE THREE MONTHS ENDING AUGUST OVER THE SAME
GOODS FELL BY LAST YEAR,
EVEN THOUGH RETAINED IMPORTS OF CONSUMER ABOUT 20% IN REAL TERMS IN THE THIRD QUARTER OVER A YEAR EARLIER.
ROSE EARLIER. MACHINERY FOR
ON INVESTMENT SPENDING, RETAINED IMPORTS OF CAPITAL GOODS BY
ABOUT 24% IN REAL TERMS IN THE THIRD QUARTER OVER A YEAR WITHIN THIS CATEGORY, RETAINED IMPORTS OF INDUSTRIAL MANUFACTURING USE ROSE EVEN MORE RAPIDLY, BY ABOUT 36% IN REAL TERMS.
THE THIRD QUARTER.
INFLATION AT THE CONSUMER LEVEL WAS STILL HIGH IN QUARTER, NOTWITHSTANDING A MODERATION FROM THE SECOND
OVER FIRST
THE CONSUMER PRICE INDEX (A) ROSE BY 12.3% IN THE THIRD QUARTER THE SAME QUARTER LAST YEAR, FOLLOWING INCREASES OF 11.9% IN
QUARTER AND 13.1% IN THE SECOND QUARTER.
THE
/HIGHER RETAIL