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Govt. promises to publish economy statistics soon

Government has promised to finally make public the quarterly statistics on the economy either today or tomorrow, according to a Government spokesperson.

Valerie Pethen, public affairs officer at the Department of Communication and Information, said that the statistics, which are behind by a full year now, have in fact come back from the publishers and will be made public shortly.

The Government said in the past that the reason for delay in making the information public was that it was being put in a new format.

It was promised to come out by the end of the year, and then that date was moved to the middle of January ? a date that has been and gone.

Currently there is no economic data available for 2003 after the Government has fallen behind behind by almost a year.

At the moment, the most recent data from the Quarterly Bulletin of Statistics is for the final quarter of 2002 with no data for 2003 printed by Government.

Information in the new publication of the Quarterly Bulletin of Statistics will apparently contain statistics up to the end of September.

The Quarterly Bulletin includes key information on the economy such as the balance of payments, government revenue and inflation. It gives a snapshot of the health of the tourism, international business and constructions sectors, quarter by quarter.

Key figures about tourism are included, as well as visitor numbers and spending and details on construction projects and the country's imports.

Details about employment are also published, including employment income and a breakdown of total employment figures by occupation and industry groups.

The number and type of new businesses registering in Bermuda as well as this sector's outlays and employment also give an indication of the health of the international business sector.