Business updates

The last national accounts figures released by Statistics Mauritius estimate the GDP growth rate for 2014 to be at 3.5 percent. The growth rate is an improvement over the 3.2 percent expansion of 2013.

Final consumption expenditure increased by 3.0 percent, compared to 2.3 percent during the previous year, following an increase of 2.7 percent in household expenditure and 4.6 percent in government expenditure. Gross domestic fixed capital formation experienced a growth of -4.9 percent, a third consecutive contraction, with the 3.1 percent progression in public investment unable to offset the -7.4 percent decline in private expenditure.

At a sectoral level, Manufacturing grew by 2.1 percent, wholesale and retail trade at 3.2 percent, accommodation and food service activities by 4.1 percent. The growth rate for information and communication was at 6.4 percent while financial and insurance activities it stood at 5.4 percent.