PIOJ: Goods producing industry recorded decline in growth in fourth quarter of 2019

by February 26th, 2020

Director General of the Planning Institute of Jamaica, PIOJ, Dr. Wayne Henry, said the goods producing industry saw a decline in growth between October and December, last year.

He was speaking at a quarterly press briefing at the PIOJ’s Kingston office, yesterday (February 25).

Noting that the industry contracted by an estimated 3.8 per cent, Dr. Henry stated that this led to declines in mining, quarrying and construction.

Dr. Henry added that, the construction industry saw a decline in its economic growth by an estimated 2 per cent.

He explained that the decline reflected by the industry, was due to reduced capital expenditure, on civil engineering activities.