{"id":4409,"date":"2022-10-21T07:53:04","date_gmt":"2022-10-21T02:53:04","guid":{"rendered":"https:\/\/mbt.mv\/?p=4409"},"modified":"2022-10-21T07:53:04","modified_gmt":"2022-10-21T02:53:04","slug":"wholesale-and-retail-trade-sector-bounces-back-in-q2-2022","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=4409","title":{"rendered":"Wholesale and Retail Trade sector bounces back in Q2-2022"},"content":{"rendered":"

Activities in the wholesale and retail trade sector, was estimated to have declined by 11.9% in Q1-2022 following which the sector started to bounce bank, reports Maldives Monetary Authority (MMA).<\/p>\n

The central bank confirms the gross value added of the sector remained 37.6% below pre-pandemic levels (Q1-2019), during the first quarter of 2022. However, as of Q2-2022, the sector’s trade activity expanded, suggested by the private sector imports and bank credits.<\/p>\n

During Q2-2022, private sector imports (excluding imports by the tourism sector) increased by 42% in annual terms. Commercial bank credit to the sector rose by 11% during the quarter.<\/p>\n

Moreover, as per the Quarterly Business Survey of MMA for the review quarter, wholesale and retail trade sector continued to expand indicated by the sales index and the volume of orders index – though the pace of the expansion was reported to have slowed down.<\/p>\n

The sales index remained positive at 48 points, despite declining by 21 points. On the other hand, volume of orders declined by 34 points to 55 points during Q2-2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Activities in the wholesale and retail trade sector, was estimated to have declined by 11.9% in Q1-2022 following which the sector started to bounce bank, reports Maldives Monetary Authority (MMA). The central bank confirms the gross value added of the sector remained 37.6% below pre-pandemic levels (Q1-2019), during the first quarter of 2022. However, as<\/p>\n","protected":false},"author":4,"featured_media":4410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[768,996,1326,1507,2340],"class_list":{"0":"post-4409","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-general-trading","9":"tag-imports","10":"tag-maldives-monetary-authority","11":"tag-mma","12":"tag-wholesale-and-retail-trade"},"yoast_head":"\nWholesale and Retail Trade sector bounces back in Q2-2022 - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=4409\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wholesale and Retail Trade sector bounces back in Q2-2022 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Activities in the wholesale and retail trade sector, was estimated to have declined by 11.9% in Q1-2022 following which the sector started to bounce bank, reports Maldives Monetary Authority (MMA). 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