Finance & Economy | News & Insights

Mauritian Economy Grows 6% in Q2 2023

Published: October 28, 2023
Author: TEXTILE VALUE CHAIN

Key Highlights:

  • GDP advanced by 6% (y-o-y) in the Q2 2023 from 5.8% in Q1.
  • Headline inflation moderated to over 2-year low of 5.2% y-o-y in September as food inflation eased.
  • Core inflation remained unchanged at 4.5% y-o-y in September.
  • Trade deficit widened to MUR 19.1 billion in August as imports rose 11% y-o-y.
  • Improvements in the external sector led to narrowing of CAD to 6.5% of GDP in Q2 from 15.7% a year ago.
  • Forex reserves slipped to a 4-month low of USD 6.5 billion, providing import cover of 9.9 months.
  • Tourist arrivals fell for the second straight month in September to 97,838.

Mauritius_Economy_Update_October_2023

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