Tracking the Recovery

23 Apr, 2021
  • New mortgage issuance weakened in the first two weeks of April
  • Annual change of non-cash spending on grocery & pharmacy on the negative territory due to the high base in 2020, while remaining sizable compared to 2019
  • Non-cash expenses by non-residents improved noticeably in April; growth slightly up for restaurants, but marginally down for hotels compared to the previous week
  • Non-cash spending on entertainment strengthening over the last two weeks; growth back on the positive territory for non-cash spending on fitness
  • Growth remains sizable for non-cash spending on construction materials and household durables
  • Remittance inflows continue to maintain double-digit growth
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