Monitoring sectoral financial flows: gradual economic rebound continues
As the restrictions put in place ease and the government ramps up spending to support the economy, a gradual rebound in economic activity is emerging, reports the new issue of the weekly review Monitoring Sectoral Financial Flows.
Incoming payments mark improvements in the retail sector, reflecting the orderly reopening of non-food shops and malls. The last week of May saw a noticeable rise in incoming payments from the general government sector to investment demand industries, in a sign that the economic support package is making a difference.
The deviation of incoming flows lower from their ‘normal’ level dropped in the work week ending 29 May to 10.4% from 14.6% in the week before. The strongest deviation is seen in export-focused sectors against the backdrop of low external demand.
