JIS News

For the period January to March of this year, real gross domestic product (GDP) for the manufacturing and processing sector is estimated to have increased by 2.1 per cent over the corresponding quarter for 2004.
As stated in the Planning Institute of Jamaica’s Economic Update and Outlook for the period January to March 2005, the growth resulted from higher levels of production in food, beverages and tobacco, which increased by 3.3 per cent and other manufacturing by 0.5 per cent.
Higher levels of output in the poultry meat, alcoholic beverages, cement and some chemicals and chemical products industries, also influenced the improved performance of the sector.
Meanwhile, poultry meat production grew by 12.3 per cent. “The growth in production occurred due to the expansion of production capacity in the industry to meet increased demand,” the document stated. Also the production of animal feeds and dairy products increased by 3.6 per cent and 5.3 per cent, respectively.
Production in the beverages and tobacco sub-sector also increased by 6.5 per cent compared with the corresponding period of 2004. Within this sub-sector, beer and stout output increased by 20 per cent and 30.6 per cent, respectively. “The performance in the industries continued to be driven by expansion in exports to new and existing markets. The increase also followed the aggressive promotion of stout in the domestic market,” the report stated.
Also, there was recorded growth in the production of non-metallic minerals compared with the corresponding quarter of 2004. Cement output was some 229, 618 tonnes, reflecting an increase of 14.6 per cent, which is associated with the higher level of activity in the construction sector.
Meanwhile, for the fiscal year 2004/05, real GDP in the manufacturing and processing sector was estimated to have increased by 2.9 per cent, relative to fiscal year 2003/04. The report further stated, that higher output was recorded in the two main product groups, of which food, beverage and tobacco increased by 3.1 per cent and other manufacturing increased by 2.7 percent.
Within the food, beverages and tobacco sub-sector, rum and alcohol, beer and stout led the growth. In other manufacturing, paint production increased while cement production continued the growth trend reported since January 2003.

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