According to the Planning Institute of Jamaica, here are the highlights for the October – December 2018 quarter for the Jamaican Economy.
October – December 2018 vs October – December 2017
1.7% growth in the economy where:
- Goods Producing Industries increased by 4.2%
- Services Industries increased by 0.8%
Goods Producing Industries
The positive performance of the Goods Producing Industries was due to increased output in:
- Mining & Quarrying (22.9%) – spurred by increased capacity utilization in two of three Alumina refineries
- Construction (3.5%) – driven by civil engineering and building construction activities
- Agriculture, Forestry and Fishing (2.6%) – strengthened mainly by favourable weather conditions and increased productivity
- Manufacturing (1.0%)
Service Industries
All industries within the Services Industries recorded higher levels of output except one which remain unchanged:
- Hotels & Restaurants: 2.5%
- Transport, Storage & Communication: 1.6%
- Other Services: 1.0%
- Finance & Insurance Services: 0.9%
- Wholesale & Retail; Repairs; Installation of Machinery & Equipment: 0.6%
- Real Estate, Renting and Business Activities: 0.6%
- Electricity & Water Supply: 0.1%
- Producers of Government Services: 0.0%
