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Spending on construction materials declined 26.3% in first quarter of 2024

The Statistical Institute of Jamaica (STATIN) says local spending on 'Construction Materials' declined by 26.3 per cent in the first quarter of the year.
 
The cost to bring in goods for that category was US$113.2 million for the three months ended March.
 
The was as a result of lower imports in the group non-metallic mineral manufactures.
 
Spending on imports in the group 'Food (including Beverages) Mainly for Industry' declined by 21 per cent to US$43.6 million.
 
But 'Parts and Accessories of Capital Goods (except Transport Equipment)', increased to US$76.8 million.


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