24.05.2014 Views

Tropical Storm Nicole - Planning Institute of Jamaica

Tropical Storm Nicole - Planning Institute of Jamaica

Tropical Storm Nicole - Planning Institute of Jamaica

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

State <strong>of</strong> Emergency in sections <strong>of</strong> Kingston and St. Catherine during the months <strong>of</strong> May and June<br />

2010. Consequently, the industry declined by 2.1 per cent in January-June 2010, reflecting the<br />

combined effect <strong>of</strong> a 2.5 per cent decline in Food, Beverages & Tobacco sub industry and 1.6 per<br />

cent in the Other Manufacture.<br />

Real value added for the Mining & Quarrying industry declined by 24.5 per cent in January-June<br />

2010 relative to the similar period <strong>of</strong> 2009, resulting from a downturn in alumina production as<br />

crude bauxite production grew.<br />

For January–June 2010, real value added for the Construction industry fell by an estimated 2.1 per<br />

cent. This performance occurred against the background <strong>of</strong> the lingering effects <strong>of</strong> the negative<br />

impact <strong>of</strong> the global economic crisis on the domestic economy. The downturn recorded for the<br />

industry was attributed mainly to the decline in activities in Building Construction due to a reduction<br />

in the number <strong>of</strong> projects. Activities in the industry were further stymied given the completion <strong>of</strong><br />

major construction work on the North Coast Highway Project at the end <strong>of</strong> 2009 and work<br />

stoppage on Highway 2000 due to geological issues.<br />

Within the Services industry, declines in the Electricity and Water sub industry in January-June<br />

stemmed from declines in both electricity generation and water production. Real value added for<br />

Transport, Storage & Communication declined by an estimated 1.0 per cent. This performance was<br />

influenced mainly by contraction in the Transport & Storage segment due largely to a decline in air<br />

transport activities, which was enough to outweigh the estimated expansion in telecommunications<br />

activities.<br />

Despite signs <strong>of</strong> recovery in the global distributive trade, following the negative impact <strong>of</strong> the<br />

contraction in global demand arising from the economic crises, the local trade continued to contract<br />

as reflected by the 2.1 per cent decline in real value added in the January-June 2010 relative to<br />

January-June 2009. Local distributive activities during the January-June 2010 period were<br />

constrained by the downturn in the domestic economy resulting from the lagged effects <strong>of</strong> the<br />

global economic crises.<br />

69

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!