Economic data shows revival in production and full employment
Economic data shows full employment continued with the unemployment rate remaining at a post-pandemic low of 3.3% in Mar-24 as the labour force and employment grew steadily by +1.7%yoy and +1.9%yoy respectively.
Industrial production remained expansionary. IPI extended its expansionary growth into the 3rd consecutive
month, advancing +2.4%yoy in Mar-24 (Feb-24: +3.1%yoy).
There are more encouraging consumer spending. Retail trade sales rose by +7.1%yoy in Mar-24, marking the fastest
growth since May-23.
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