1. Inflation rate declines for second straight month
   The inflation rate for the month of August 2003 was 1.4%. This is lower than the 1.53% in the prevuous month and well below the 2.46% peak in June. The monthly inflation rate started to rise in april this year, fueled by increases in the foreign exchange rate, the introduction of GCT on a number of new items and higher oil prices leading up to the war on Iraq.
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2. Economic indicator points to increase output
   At least one economic indicator is pointing to increased industrial activity. The total volume of electricity used by the island’s industrial entities rose 5.75% in the first seven month of this year.
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3. Banana production continues to decline
   Total banana production stood at 21,303 metric tonnes in the first seven month of 2003. In the same period a year ago the figure stood at 23,916.
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4. Cruise Ship Passengers dominate
   In the seven- month period up to the end of end of July this year, cruise ship passenger arrivals made up 45% of the total tourist arrivals. In the same period last year, the figure was 39%.
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