Latest update March 28th, 2024 12:59 AM
Jun 19, 2017 News
– BOG report
The manufacturing sector recorded mixed performance for the first quarter of this year. This is according to the Bank of Guyana’s Quarterly Report and Statistical Bulletin.
The bank reported that production of paints, non-alcoholic and alcoholic beverages and flour increased by 6.3 percent, 6.2 percent, 4.1 percent and 2.0 percent respectively, due to stable demand.
In contrast, it was reported that there was lower production of oxygen, margarine, biscuits and stockfeed by 21.0 percent, 7.3 percent, 6.2 percent and 1.8 percent respectively.
Also, Bank of Guyana reported that construction outturn was mixed with improved execution of public projects due to the efficacy of the public investment programme. However, it was recorded that private construction was weak, on account of a relatively subdued housing drive.
Bank of Guyana also reported on the performance of the services sector.
“The services sector recorded low activities during the review period.”
There were sluggish activities in the financial, insurance and other service industries due to rising economic uncertainties and lower private consumption expenditure.
Bank of Guyana reported that private sector credit declined by 1.5 percent compared to the 1.3 percent fall for the same period in 2016. However, electricity generated grew by 1.6 percent relative to 7.1 percent growth in the previous year.
THIS IDIOT TELLING GUYANA WE HAVE NO SAY IN THE 50% PROFIT SHARING AGREEMENT WE HAVE WITH EXXON.
Mar 28, 2024
Minister Ramson challenge athletes to better last year’s performance By Rawle Toney Kaieteur Sports – Guyana’s 23-member contingent for the CARIFTA Games in Grenada is set to depart the...B.V. Police Station Kaieteur News – The Beterverwagting Police Station, East Coast Demerara (ECD) will be reconstructed... more
By Sir Ronald Sanders Kaieteur News – In the face of escalating global environmental challenges, water scarcity and... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]