The Reserve Bank of Fiji says while progress has been made on the vaccination front considering that over 50,000 Fijians have received the first dose of the AstraZeneca vaccine, the recent locally transmitted cases and subsequent containment measures will further prolong the already subdued economic activity.

The RBF says sectoral performances remained mixed up to March.

Visitor arrivals are down by 97%, electricity declined annually by 13.4% and mahogany production by 27% annually, the latter of which was due to a halt in production earlier in the year.

However, the pine industry noted a boost in production for pine logs by 151.8%, woodchip by 92.7% and sawn timber by 21.6% on the back of increased demand.

Gold production also picked up over the year by 17.5% owing to better-quality ore grade mined.

The RBF says over the month, improvements were noted in all sectors.

Embedded article