Tracking the Recovery

29 Apr, 2021
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  • New mortgage issuance weakened, following sharp increase in March
  • Growth of total non-cash spending by residents slightly down compared to the previous week, albeit still remaining sizable
  • Growth of non-resident non-cash spending strengthened in April as compared to March, remaining stable over previous weeks
  • After demonstrating an improvement over the past two weeks, non-cash spending on entertainment worsened
  • Growth weakened for non-cash spending on furniture and electronics, up marginally for construction materials
  • Non-cash spending on fuel & transport remained stable, while growth slowed down for car repair
  • Non-cash spending on doctor visits and medical equipment maintain solid growth
  • Growth of remittance inflows picked up after slowing down throughout the week
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