MEFD November 2006
Published: Thursday January 4th, 2007
During the month of November the Bahamian economy maintained positive momentum supported by strong consumer demand, which stimulated robust growth in private sector credit and sustained the expansion in construction activity. These developments generally muted the moderation in tourism output, signaled by the 4.7% drop in visitor arrivals for the first ten months of the year as a 7.0% downturn in sea visitors eclipsed a marginal 0.5% increase in air traffic. By port of entry, tourists traveling to New Providence contracted by 6.7%, while traffic to Grand Bahama and the Family Islands weakened by 1.2% and 1.8%, respectively.