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PIOJ reports 1.5 per cent growth for July to September quarter

Published:Thursday | November 19, 2015 | 6:29 PM
Bullock ... the improved growth rate for July to September 2015 largely reflected the positive impact of strategic investment projects.

The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by 1.5 per cent for the July to September quarter, when compared with the similar period last year. 

During a press briefing today, PIOJ director general, Colin Bullock said the growth rate represents the strongest recorded since the April to June quarter of 2014.

He said this was largely the result of a recovery in the manufacturing industry.

According to the PIOJ head, the improved growth rate for July to September 2015 largely reflected the positive impact of strategic investment projects.

But he said the performance of the economy over the last period was affected by drought conditions, delays with some government projects and production downtime associated with technical problems at a major alumina refinery.