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MEFD July 2011

Published: Tuesday August 30th, 2011

Preliminary indications are that the momentum of the recovery in the domestic economy was sustained during July. Anecdotal evidence on tourism sector performance suggests an improved outturn, after a relatively slow start to the year. In addition to the main United States market, where the group segment has shown signs of revival, sectoral improvements have been noted in the Latin American market, due to increased airline capacity. Construction output continued to benefit from a stable contribution from public sector infrastructural investments, alongside foreign investment related projects, led by the commencement of the “core” phase of the Baha Mar project.

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