Published 18 June 2018
Buckie Got It, St. Kitts and Nevis News Source
Manufacturing output in St. Kitts and Nevis decline six percent in 2017, says ECCB
Basseterre, St. Kitts, June 17, 2018 – The Eastern Caribbean Central Bank (ECCB) is reporting a six percent decline in manufacturing in St. Kitts and Nevis for 2017.
According to the bank’s Annual Economic and Financial Review for 2017, the St. Kitts and Nevis economy decelerated to 1.7 in 2017 compared to 2.2 percent in 2016, 3.9 in 2015, 6.0 in 2014 and 6.2 in 2013.
According to the ECCB, manufacturing output is estimated to have declined by 6.5 percent, evidenced by a 17.1 percent decrease in the export of alcoholic beverages. The Report gave no additional information.
Carib Brewery (St. Kitts and Nevis) in 2016 also reported a 37 percent decline in export sales.
The 2016 Report highlights that Carib Brewery produced 884,730 total sales cases in 2016 compared to 979,161 cases in 2015 and 991,046 cases in 2014.
Photo: Carib Brewery St. Kitts
