June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

ANGUILLA

indices of housing, utilities, gas and fuels

Anguilla Visitor Arrivals

Thousands

(3.2 per cent), transport (6.1 per cent) and

35.0

communication (0.5 per cent). Meanwhile,

30.0

25.0

the food and non-alcoholic beverages sub-

20.0

15.0

index rose by 2.7 per cent, led by higher

10.0

5.0

prices of meats.

0.0

18 Q1 18 Q2 18 Q3 18 Q4 19 Q1 19 Q2 19 Q3 19 Q4 20 Q1 20 Q2

Anguilla Consumer Price Index Percentage Change

Stay-overs

Excursionists

Note: yacht data not available for Anguilla

%

3.0

2.0

Other sectors that were adversely impacted

1.0

0.0

by the reduction of tourism activity were

-1.0

wholesale and retail trade; transport, storage

-2.0

-3.0

and communications; and real estate, renting

18 Q1 18 Q2 18 Q3 18 Q4 19 Q1 19 Q2 19 Q3 19 Q4 20 Q1 20 Q2

All Items Food & Non-Alchoholic Beverages Energy

Note: Energy includes housing, utilities, gas & fuels

and business activities. Meanwhile, value

added in the construction sector was

Fiscal Developments

estimated to have increased, driven

The fiscal position of the Government of

primarily by the United Kingdom funded

Anguilla was adversely impacted by the

Anguilla Programme, which saw new

construction and renovation of various

slowdown in economic activity. An overall

public buildings.

fiscal deficit of $17.3m was recorded for the

first six months of the year, following a

The consumer price index fell at a steeper

surplus of $24.8m for the comparable period

rate of 1.3 per cent in the first six months

in 2019. The same observation held for the

of 2020, than the 0.2 per cent in the same

primary balance, which moved to a deficit

period in 2019, in line with the global

of $10.8m from a surplus of $34.3m in

downward trend in oil prices. Price

June 2019.

decreases were observed in the major sub-

15