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Goods producing sector fell by 6.5% during July -September quarter

The Planning Institute of Jamaica is estimating that the goods producing sector, which accounts for 30% of GDP, fell  by 6.5% during July to September quarter.
 
The PIOJ is also estimating that all sub-sectors within the goods producing sector tumbled. 
 
Mining and quarrying fell by 15.2%; agriculture, forestry and fisheries declined by 13.5%; construction fell by 2.8% and manufacturing contracted by two per cent.
 
The services sector, which accounts for 70% of GDP, dipped by 1.20%.
 
All sub-sectors within the services sector also declined, including electricity and water by 5.8%, hotels and restaurants by 2.1% and other services by 1.5%.
 
Wholesale and retail fell by 1.4%; real estate and renting by one per cent and finance and insurance services also fell by one per cent. 
 
 


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