The Planning Institute of Jamaica (PIOJ) is reporting that the financial sector was the only economic sector to record growth during the fourth quarter of last year, similar to the third quarter.
The sector recorded growth of 1% during the third and fourth quarters of last year.
However, the PIOJ says the goods producing sector, which accounts for 30% of gross domestic product (GDP) tumbled by 4.7%.
This was due to a 12?cline in agricultural output as well as a 3.2% dip in mining. Construction fell 2.1% and manufacturing dipped by 0.7%.
The services sector, which accounts for 70% GDP, dipped by 0.7%. This was attributable to a 2.5?cline in hotels and restaurants as well as declines of 1.4?ch in electricity and water and wholesale & retail.
Real estate and renting declined 1% while the category producers of government services was flat. Transport storage and communications fell 1% and other services fell 3.5%.
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