BASSETERRE, ST. KITTS (CUOPM) – The Eastern Caribbean Central Bank (ECCB) is reporting that preliminary data suggest that economic activity in St. Kitts and Nevis rose in the first half of 2013.
This increase resulted from a rebound of the construction sector and estimates of increased economic activity in the hotels and restaurants and wholesale and retail trade sectors.
The June 2013 Economic and Financial Review released by the Eastern Caribbean Central Bank on October 29 , states that cconsumer prices fell by 0.4 per cent, on an end of period basis.
The fiscal operations of the Federal Government resulted in an improvement of the overall surplus over the comparable period of 2012.
The total outstanding public sector debt of the Federal Government fell during the period under review. In the banking system, monetary liabilities and net foreign assets increased while domestic credit fell. Commercial bank liquidity rose and the weighted average interest rate spread between...