Building supplies firms suffer from 'flat' environment

Thu, Nov 18th 2010, 10:00 PM

By ALISON LOWE

Business Reporter

alowe@tribunemedia.net

With the Central Bank of the Bahamas describing activity in the construction sector as "anemic" and "decelerating", Bahamian building supply stores yesterday reported flat or declining sales, with one supplier revealing he may temporarily close his doors next year until conditions improve.

The major supplier,who did not wish to be named, said he has had to let go dozens of employees, leaving only a "skeleton crew" of workers since last year. He has determined that within the next month he will have to decide whether closure next year will be necessary to keep the business alive in the long run.

Another major ...

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