MONDAY, JULY 27, 1992
7
PS COMMENTS ON CPI AND TRADE FIGURES
THE
COMMENTING ON THE CONSUMER PRICE INDEX FIGURES AND PROVISIONAL TRADE FIGURES FOR JUNE - BOTH ANNOUNCED THIS (MONDAY) AFTERNOON FINANCIAL SECRETARY, MR HAMISH MACLEOD, SAID:
―
AT AROUND 9 PER
"THE RATE OF INFLATION HAS BEEN STABILISING CENT IN THE PAST FOUR MONTHS. THIS REPRESENTS A SIGNIFICANT DROP FROM THE PEAK OF 13.9 PER CENT IN APRIL LAST YEAR, AND WE STILL SEEM TO BE ON TARGET FOR SINGLE-FIGURE INFLATION THIS YEAR. THAT SAID, CLEARLY AT PRESENT LEVELS INFLATION IS STILL A MATTER FOR CONCERN.
PICTURE
-
THE
"WE NEED ALSO TO LOOK AT THE OTHER SIDE OF THE CONTINUING GOOD GROWTH PROSPECTS FOR OUR ECONOMY. THE SIGNIFICANT INCREASE IN OUR TOTAL EXPORTS, AND PARTICULARLY RE-EXPORTS, DESPITE THE SLOW GROWTH OF THE WORLD'S MAJOR ECONOMIES, IS A CLRAR DEMONSTRATION OF THE STRENGTH OF OUR ECONOMY.'
11
PROVISIONAL TRADE FIGURES FOR JUNE
RE-EXPORTS
IN JUNE CONTINUED TO SURGE WHILE DOMESTIC EXPORTS ALSO REGISTERED A MARKED INCREASE. IMPORTS CONTINUED ro
RISK
SIGNEFICANTLY.
THESE ARK SHOWN IN THE PROVISIONAL TRADE FIGURES RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
YEAR
THE VALUE OF RE-EXPORTS ROSE BY $16,799 MILLION OR 39.7% OVER A EARLIER TO $59,114 MILLION LAST MONTH.
THE VALUE OF DOMESTIC RXPORTS ALSO INCREASED, BY $2,299 MILLION OR 12.2% TO $21,111 MILLION.
TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUR OF TOTAL EXPORTS IN JUNE GREW BY $19,098 MILLION OR 31.2% OVER A YEAR EARLIER TO $80,225 MILLION,
MEANWHILE, THE VALUE OF IMPORTS IN THE MONTH INCREASED BY $21,029 MILLION OR 33.1% OVER A YEAR EARLIER TO $84,621 MILLION.
AS THE VALUE OF TOTAL EXPORTS WAS SMALLER THAN THAT OF TOTAL IMPORTS, A VISIBLE TRADE DEFICIT OF $4,396 MILLION, EQUIVALENT TO 5.2%% OF THE VALUE OF IMPORTS, WAS RECORDED IN JUNE 1992.
/THIS COMPARED