The Planning Institute of Jamaica (PIOJ) is projecting that the economy will grow within the range of seven per cent to nine per cent during the April to June 2021 quarter.
Director General of the PIOJ, Dr. Wayne Henry, who made the announcement, said this outlook is based on âthe commencement of the recovery process relative to the low output levels recorded in the corresponding period of 2020â.
Dr. Henry was speaking during a virtual media briefing on Wednesday (June 2).
The Director General noted as well that the projected growth will also be dependent on the relaxation of some coronavirus (COVID-19) containment measures relative to the lockdown, which occurred in the corresponding quarter of 2020.
Producer Price Index April 2021 – STATIN – Jamaica Information Service jis.gov.jm - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jis.gov.jm Daily Mail and Mail on Sunday newspapers.
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The Statistical Institute of Jamaica (STATIN) is reporting that for April 2021, output prices for producers in the Mining and Quarrying industry increased by 4.6 per cent and by 0.5 per cent in the manufacturing industry.
The movement in the index for the Mining and Quarrying industry was influenced mainly by an increase of 4.8 per cent in the index for the major group ‘Bauxite Mining & Alumina Processing’.
A release from STATIN outlined that the index for the other major group ‘Other Mining & Quarrying’ moved downward by 0.5 per cent.
The main contributors to the increase in the index for the Manufacturing industry were the major groups, ‘Food, Beverages & Tobacco’ which moved up by 0.6 per cent and ‘Chemicals and Chemical Products’ which increased by 1.8 per cent.