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
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.'
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Monika Walker is a senior journalist specializing in regional and international politics, offering in-depth analysis on governance, diplomacy, and key global developments. With a degree in International Journalism, she is dedicated to amplifying underrepresented voices through factual reporting. She also covers world news across every genre, providing readers with balanced and timely insights that connect the Caribbean to global conversations.
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