MEFD October 2005
Published: Tuesday November 29th, 2005
Domestic economic developments for the month of October highlighted continued expansion in the construction sector, alongside robust growth in private sector demand as evidenced by increased mortgage and consumer lending. Indications are that the slowdown in tourism output experienced over the first nine months of the year, continued in October as a result of the passage of Hurricane Wilma. However, growth in the Bahamian economy over the January to October period was buttressed by robust domestic consumption expenditures, expansionary conditions in residential construction activity and ongoing tourism investments.
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