The total agricultural exports declined by 49.0 tonnes (6.1%) over the month largely attributed to no watermelon exports during the month compared to the 93.0 tonnes exported in the previous month. Read more in the Agricultural Exports Volumes report for June.

Total international arrivals increased further in June to a total of 11,787 passengers, 72.9% were visitors and the remainder were returning residents. Read more in the International Arrivals and Departures report for June 2017.

The total international departures increased by 2,417 passengers (36.2%) to 9,096 passengers, in line with the increase in international arrivals, and 6,261 passengers (68.8%) were non-Tongan passport holders. Read more in the International Arrivals and Departures report for May 2017.

Total banks’ lending rose to a new record high of $404.5 million, surpassing the level set last month. Total bank deposits continued to increase recording a $2.9 million (0.5%) rise to $536.8 million in June. Read more in the Banking Sector Developments report for June 2017.

Over the month to June 2017, the total number of vehicle registrations fell by 45. This is similar compared to the movement recorded in June 2016. The major decline in taxis & rental vehicles registrations by 21 during the month was the main cause. Read more in the Vehicle Registration report for June.

The Reserve Bank’s outlook for strong domestic economic activity remains in the medium term. The level of foreign reserves is also expected to remain at comfortable levels supported by expected higher receipts of remittances and foreign aid and this will be partially offset by the projected rise in imports.

The total exported marine products recorded a major decline over the month of May 2017 by 264.4 metric tons (87.9%). This was mainly driven by a significant decrease in the volume of tuna and snapper exports Read more in the Marine Exports Volume for May 2017.

Remittance receipts rose by $7.0 million (32.4%) over the month, representing 40% of the total overseas exchange transaction (OET) receipts. All categories of remittances rose over the month with the exception of social benefits. Read more in the Remittances Report for May 2017.

Total OET receipts for the month of May 2017 rose by $17.5 million to $71.2 million attributed mainly to large inflows of foreign aid. Total OET payments for May 2017 rose by $9.4 million (20.7%) to $55.0 million. Find out more in the Overseas Exchange Transactions report for May 2017.

Total international arrivals continued to decline over the month by 1,459 passengers (17.2%). This was mainly due to no cruise ship arriving during the month. Read more in the International Arrivals and Departures report for April 2017.

The total exported marine product increased in April by 139.8 metric tons (86.9%) to a high level of 300.8 metric tons. This was due to a significant increase in exports of both tuna and snapper. Read more in the Marine Exports Volume for April 2017.

Total international arrivals continued to trend lower in March as it declined by 920 passengers. This was solely driven by the decline in total air arrivals by 1,127 passengers. Read more in the International Arrivals and Departures report for March 2017.

The annual headline inflation edged higher in June 2017 rising by 10.3%. This is the highest level of annual headline inflation since the inflation rate picked up in July 2016. The same period in 2016 recorded a very low annual inflation of 0.1%. Read more in the Inflation report for June 2017.

The annual headline inflation in May 2017 rose significantly by 10.0%. This is the highest level of annual headline inflation since the inflation rate picked up in July 2016. The same period in 2016 recorded an annual deflation of 1.0%. Read more in the Inflation report for May 2017.

Total banks’ lending climbed over the month and over the year to a new record high of $397.7 million mainly by housing loans. Total bank deposits also rose by $7.7 million in May. Find out more in the Banking Sector Developments report for May 2017.

The month of May recorded good harvest of root crops, the highest contributor to the overall increase in agricultural exports. The agricultural exports rose by 262.9 tonnes, led by 161.9 tonnes increase in exported root crops. Read more in the Agricultural Exports Volumes report for May.

It is a typical trend for container registrations to increase in May given the events scheduled for the month especially the annual church conferences and spending on special Sundays given that May is known as the family month in Tonga. Read more in the Container Registrations Report for May.

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