Preliminary indicators from The Central Bank of The Bahamas suggest that the domestic economy improved during February, buoyed by gains in tourism and foreign investment supported activity in the construction sector.

In fiscal developments, the deficit narrowed during the first seven months of FY2017/2018, reflecting a sustained reduction in outlays, combined with a modest increase in revenue.

In the monetary sector, both liquidity and external reserves strengthened in February, amid a reduction in domestic credit as opposed to a small increase in Bahamian dollar deposits.

Underlying trends also reflected net foreign currency receipts from tourism sector activity.

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•  Monthly Economic and Financial Developments February 2018