Labour market conditions continue to improve-RBF
Labour market conditions continue to improve-RBF
By
fijivillage.com
Saturday 03/11/2012
The Reserve Bank of Fiji said the economic outlook for Fiji appears to be having international trends with strong domestic growth.
In its latest review, the Bank said labour market conditions in Fiji continue to improve, with the Job Advertisement Survey showing an increase of 22.1 per cent in the number of jobs advertised in the year to the end of September over the same month last year.
It attributes this to the strong performance in the tourism sector, with tourism related receipts increasing by 6 and a half per cent.
Other strong performers were gold production and sugar, with cane production increasing by 2.6 percent, reflecting both improved milling efficiency and better cane quality.
The number of building permits issued increased by 7.8 percent, which the Reserve Bank said is a direct indicator of the growth in investment activity in Fiji.
However, Consumer Prices continue to rise, driven by price increases in all sectors, but largely the transport sector.
Story by: Filipe Naikaso
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