St. Kitts-Nevis reports 30 percent drop in the importation of construction material

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.'