Jordan industrial sector posts 3.3% growth

Zaki Ayoubi, director general of the Jordan Chamber of Industry has indicated that despite the economic slowdown and a 20% drop in Jordanian exports, the industrial sector in 2009 maintained positive growth of 3.3% over 2008, Jordan Times has reported. However, the slowdown and drop in exports resulted in a decline in revenues that increased production costs of local industries. According to Ayoubi, many small- and medium-sized companies are still struggling to obtain credit to help them overcome the consequences of the global recession.