According to the Statistical Institute of Jamaica, here are the highlights for the July – September 2018 quarter for the Jamaican Economy.
Q3 2018 vs Q3 2017
Q3 2018 vs Q3 2017 recorded 1.8% growth in the economy where:
- Goods Producing Industries increased by 5.1%
- Services Industries increased by 0.7%
Goods Producing Industries
The positive performance of the Goods Producing Industries was due to increased output in Mining & Quarrying (51.0%) – with the reopening of the Jiuquan Iron and Steel Company (JISCO) Alpart Refinery – and Construction (3.7%) – with increased activities in the civil engineering sub-groups and work associated with the continued expansion of road infrastructure. A decline was noted in Manufacturing (0.3%) while Agriculture, Forestry & Fishing remained unchanged.
Service Industries
All industries within the Services Industries recorded higher levels of output with two exceptions:
- Hotels & Restaurants: 2.1%
- Transport, Storage & Communication: 1.4%
- Other Services: 1.2%
- Wholesale & Retail; Repairs; Installation of Machinery & Equipment: 0.8%
- Finance & Insurance Services: 0.7%
- Real Estate, Renting and Business Activities: 0.5%
- Electricity & Water Supply: -0.1%
- Producers of Government Services – 0.0%
Q3 2018 vs Q2 2018
Q3 2018 vs Q2 2018 recorded 1.1% growth in the economy where:
- Goods Producing Industries increased by 0.7%
- Services Industries increased by 1.3%
