10
FRIDAY, NOVEMBER 27, 1992
AMONG
THE
END-USE CATEGORIES,
RETAINED
THE THIRD
AND MATERIALS
IMPORTS
OF
QUARTER, SEMI-
VARIOUS
IN THE FASTEST GROWTH CAPITAL GOODS RECORDED FOLLOWED BY THOSE OF CONSUMER GOODS, AND RAW MANUFACTURES.
DECLINES,
HAVING
THOSE OF FOODSTUFFS AND FUELS SHOWED SMALL RECORDED SIGNIFICANT INCREASES IN THE PRECEDING QUARTER.
A VISIBLE TRADE SURPLUS OF $2,140 MILLION, EQUIVALENT TO 1% THE VALUE OF IMPORTS, WAS RECORDED IN THE THIRD QUARTER OF 1992.
OF
VISIBLE TRADE
FOR THE FIRST NINE MONTHS OF 1992 COMBINED, A DEFICIT OF $24,333 MILLION, EQUIVALENT TO 4% OF THE VALUE OF WAS RECORDED.
IMPORTS,
ΤΟ ACCORDING
QUARTERLY THE PRELIMINARY ESTIMATE OF CONSTANT PRICE TERMS, PRIVATE CONSUMPTION EXPENDITURE, AS THE COMPONENT OF DOMESTIC DEMAND, GREW BY 8% IN REAL TERMS IN THE QUARTER OF 1992 OVER A YEAR EARLIER, FOLLOWING A 9% INCREASE FIRST QUARTER.
UNDERLYING THIS SIGNIFICANT GROWTH WAS A MARKED EXPENDITURE ON BOTH CONSUMER DURABLES AND NON-DURABLES.
GDP
IN
LARGEST SECOND IN THE
INCREASE IN
RATE THE SECOND IN THE FIRST
AS REGARDS GOVERNMENT CONSUMPTION EXPENDITURE, THE GROWTH
IN TERMS ON
BASIS WAS 12% IN REAL NATIONAL ACCOUNTS QUARTER OVER A YEAR EARLIER, FOLLOWING A 7% INCREASE QUARTER.
INVESTMENT, LOCAL
MEASURED IN TERMS OF GROSS
DOMESTIC
FIXED
TERMS
FOLLOWING A 5%
CAPITAL FORMATION, RECORDED A SIGNIFICANT GROWTH OF 11% IN REAL IN THE SECOND QUARTER OF 1992 OVER A YEAR EARLIER, INCREASE IN THE FIRST QUARTER.
THIS WAS
MAINLY
DUE TO A STRONG
GROWTH
MACHINERY AND EQUIPMENT, BY 23% IN REAL TERMS IN THE OVER A YEAR EARLIER.
ON
THE OTHER HAND,
EXPENDITURE ON BUILDING
IN
EXPENDITURE SECOND QUARTER
ON
AND
CONSTRUCTION
CONTINUED TO DECLINE, BY 5% IN REAL TERMS IN THE SECOND QUARTER OVER A YEAR EARLIER.
CONSTRUCTION ACTIVITY IN THE PRIVATE SECTOR REMAINED
THERE WAS A PICK-UP
NEVERTHELESS, SLUGGISH. CONSTRUCTION LATELY.
IN
GENERALLY
PUBLIC SECTOR
DOMESTIC DEMAND CONTINUED TO BE ROBUST IN THE THIRD QUARTER.
SHOWED A THIRD IN THE THREE
ON CONSUMPTION, RETAINED IMPORTS OF CONSUMER GOODS
THE IN FURTHER SHARP INCREASE, BY ABOUT 20% IN REAL TERMS QUARTER OVER A YEAR EARLIER, HAVING RECORDED AN 8% INCREASE SECOND QUARTER. THE VOLUME OF RETAIL SALES GREW BY 13% IN THE MONTHS ENDING AUGUST 1992 OVER THE SAME PERIOD LAST YEAR.
THESE STRONG INCREASES HAD SUPPORT FROM BOTH AND THE TOURIST SECTOR.
LOCAL
CONSUMERS
/ON INVESTMENT,
+