Construction industry sees dip in July to September quarter

Dr. Wayne Henry
The performance of the construction industry fell for the July to September quarter, compared with the similar period last year.
Real value added for the construction industry was down 2.2 per cent.
Director General of the Planning Institute of Jamaica (PIOJ) Dr. Wayne Henry said the decline resulted from a drop in the "other construction" category due to a decline in capital expenditure on civil engineering activities, stemming mostly from the National Works Agency, which disbursed $5.9 billion, compared to $9.1 billion in the corresponding quarter of 2021.
There was also a 2.7 per cent decrease in the sale of construction related inputs. 
Dr. Henry said expenditure was primarily associated with part B of the Southern Coastal Highway Improvement Project, which is scheduled to be completed in March 2023, and the Jamaica Public Service Company (JPS), which disbursed $1.8 billion down from $1.9 billion in the corresponding quarter of 2021.

comments powered by Disqus
Most Popular
STATHS surprise KC to book Manning Cup final...
Hall steps down from Scotia Group board
Policeman arrested following fatal shooting...