St. Kitts-Nevis reports 30 percent drop in the importation of construction material
The Basseterre-based Eastern Caribbean Central Bank (ECCB) is reporting double digit declines in sectors of the once vibrant construction industry
Thursday, 17th January 2019
More evidence that the once thriving construction industry in St. Kitts and Nevis took a significant blow in the first half of 2018, compared to the same period in 2017.
The Basseterre-based Eastern Caribbean Central Bank (ECCB) is reporting double digit declines in sectors of the once vibrant construction industry.
"The assessment of decreased construction activity was supported by a further 29.0 per cent decrease in the volume of imports of construction-related materials, compared with a 22.1 per cent drop in the volume of similar imports in 2017," the ECCB said in its financial review.
The ECCB also reported a decrease in the production of electronic components as proxied by a 49.0 per cent decline in the export of 'other commodities.'
Monika Walker is an experienced journalist specializing in global political developments and international relations. With a keen eye for accuracy and analysis, Monika has been reporting for over a decade, bringing stories to light that matter to readers around the world. She holds a degree in International Journalism and is passionate about giving a voice to underrepresented communities through factual reporting.
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