Tracking the Recovery

4 Jun, 2021
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  • New mortgage issuance on positive growth territory in May, up 10% relative to 2019
  • Non-resident non-cash spending improved significantly in May and rose to -44.7%, up from -56.4% in April
  • Non-cash spending on restaurants posted a solid growth
  • Growth of non-cash spending on fitness slowed down, albeit still on positive territory; Growth rate of non-cash spending on entertainment posted a slight improvement
  • Growth of non-cash spending up for furniture and appliances; Dynamics broadly unchanged for construction materials and electronics
  • Remittance inflows maintained a double-digit growth by the end of May
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