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IMSEE, Monaco’s Statistical Office, has reported that a sharp decline in imports in the second quarter of 2017, down by 44 million euros, combined with a smaller fall in exports, down 27 million euros, has resulted in a decline in the trade deficit.
Sales, excluding financial and insurance activities, were up (+ 6.7 percent) compared to the same period in 2016 thanks to the good results in wholesale trade and construction.
The number of jobs in Monaco is increasing, with additional jobs being created in all sectors apart from retail (21 fewer jobs). The number of employers and the number of hours worked has also shown an increase.
Although the overall balance remains positive, the pace of start-ups has slowed, while that of businesses closing has increased.
The real estate sector experienced a difficult first half, although it remains at a high level, IMSEE said. While the number of sales was virtually stable, the number of resales fell sharply.
New vehicle registrations continue to rise to their highest historical level for the first half of the year. Parking use is also rising. The cumulative results from the beginning of the year for air traffic (helicopters) remain in decline, penalised by the figures of the first quarter.
St. Paul’s Anglican Church has started making online videos of their weekly sermons in English, so parishioners don’t have to miss out during the lockdown.
The National Council says it wants to keep the Condamine and Monte-Carlo markets open, despite the closure of all food markets this week across France.
The government has added psychologists to the team at Monaco’s Covid-19 call centre as a growing number of people seek advice on how to cope with isolation and fear.
The National Council is calling on the Prince’s government to create a makeshift hospital in preparation for a surge in coronavirus cases in the Principality.