First half GDP growth was 5.7%, a 1 ppt increase over 1H/2016.
Registered FDI had 55% annual growth. Japan with US$4.6 billion was the highest contributor. FDI disbursement was up 7% YoY.
Inbound tourist growth momentum continues and was up 30% YoY. Total international visitors numbered 6.2 million, of which Asians were 74 percent.
1H/2017 credit growth at 7.5% is a 6-year high.
RETAIL: Improved Performance
In Q2/2017, the total retail stock was nearly 1,250,000 m², up 0.4% quarter-on-quarter (QoQ) and 7.4% YoY due to the entry of two new shopping centres, cumulatively supplying approximately 37,200 m².
Average ground floor rents recovered with a slight 3.0% growth QoQ. Average occupancy maintain an upward trend increasing 3.5 percent QoQ due to improvements in all three segments, department store (1.4 ppts), shopping centre (4.9 ppts) and retail podium (1.9 ppts).
OTHER NEWS ON THE AUSCHAM WEBSITE
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