The economy grew by 2.2 percent between April and June this year, compared to the same period last year.
That’s according to the latest data released by the Statistical Institute of Jamaica, STATIN, this afternoon. It’s even higher than the Planning Institute of Jamaica, PIOJ, had projected last month.
The PIOJ had estimated growth for the quarter would be about 1.8 percent. It’s also a marked improvement over the previous quarter’s growth of 1.4 percent.
The performance was led by a boom in the Mining and Quarrying industry, which grew by 31-percent. This was due mainly to the resumption of production at the JISCO Alpart refinery and demand for crude bauxite from overseas refineries.
Agriculture, Forestry and Fishing also continued to rebound, registering growth of 12-percent due to good weather. Construction grew by just under 3-percent while Manufacturing grew by a slow 0.2 percent.