Apart from the inflation data, other macroeconomic data at the moment only exist for the Federation of the Netherlands Antilles. According to the Centrale Bank van Curaçao en Sint Maarten (the Central Bank), the economy of the Federation saw output decline slightly in the second quarter of 2010, with output contracting by 0.3% year on year. This follows growth of 0.8% in the first quarter. The contraction was mainly attributed to a negative contribution from the external sector as export activity fell and import demand increased. On the supply side, the hotel and restaurant sector registered a modest decline despite an increase in stay-over visitors in St Maarten and Bonaire. The wholesale and retail trade sector recorded a decline across the Federation as Curaçao's free-zone continued to fare badly given the sharp fall in the number of visitors from Venezuela-whose citizens tend to visit Curaçao for shopping tourism. However, provisional data for tourism in 2010 in St Maarten are positive as both the number of stay-over visitors and that of cruise passengers increased. In January 2011, the St Maarten Harbour Group of Companies announced that the number of cruise ship passengers arriving in St Maarten in 2010 had far surpassed expectations. The total number was expected to be just short of 1.5m, representing the highest level since 2005.