Higher earnings by banks keep finance sector output buoyant
…all other industries contract as economic gains trampled by Beryl in July-Sept quarter
The finance and insurance industry was the only one to have escaped contraction during the July to September quarter after growth in revenues for most deposit-taking institutions kept its output buoyant over that period.
“Real value added in the finance and insurance services industry grew by one per cent. This out-turn was attributed to greater revenues earned at deposit-taking institutions from net interest income, fees, and commission,” Planning Institute of Jamaica (PIOJ) Director General...
