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Economy Registers 0.6% Growth in Q4 2015

The Planning Institute of Jamaica, PIOJ says the economy grew by zero-point-6 percent for the October to December quarter in 2015.

This is relative to the corresponding period in 2014 and represents four consecutive quarters of economic growth.

Director General of the PIOJ, Colin Bullock says the growth was driven mainly by the manufacturing sector, which expanded by 3.7-percent.

All subcategories of of the Services Industry recorded growth except for Producers of Government Services which was down 0.2-percent.

Mr. Bullock says the industries registering the largest growth rates for the quarter were Electricity and Water Supply which grew by 5-percent and Hotels and Restaurants, which expanded by 1.2-percent.

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