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
2024-07-07 14:52:52
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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