August 16, 2023 The Statistical Institute of Jamaica (STATIN) reported that the All-Jamaica Consumer Price Index (CPI) increased by 6.6% for July 2023 compared to July 2022. However, for the month of July 2023, the inflation rate was +1.1%. The main driver of the monthly increase (1.1%) was a 2.3% rise in the index
August 16, 2023 United States: Fed Minutes Set to Show Only a Minority Saw End of Tightening A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics. At the
August 15, 2023 Eppley Caribbean Property Fund Limited SCC (CPFV) for the nine months ended June 30, 2023, reported a 10% increase in total investment income totalling BDS$10.07 million compared to BDS$9.12 million in the corresponding period last year. Total investment income for the third quarter had a 42% decrease to close at BDS$1.92
August 15, 2023 Derrimon Trading Limited (DTL) for the six months ended June 30, 2023 reported a 7% increase in trading income totalling $9.50 billion compared to $8.86 billion in the corresponding period last year. Trading income for the second quarter had a 1% decrease to close at $4.58 billion compared to $4.62 billion
August 15, 2023 Spur Tree Spices Jamaica Limited (SPURTREE) for the six months ended June 30, 2023, reported a 51% increase in turnover totalling $661.90 million compared to $438.86 million in the corresponding period last year. Turnover for the second quarter had a 38% increase to close at $278.22 million compared to $201.73 million
August 15, 2023 United States: US Retail Sales Top Forecasts, Showcasing Consumer Resilience US retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion. The value of retail purchases increased 0.7% in July after upward revisions in the prior two months, Commerce Department data
August 14, 2023 Seprod Limited (SEP) for the six months ended June 30, 2023, reported a 96% increase in revenue totalling $54.46 billion compared to $27.81 billion in the corresponding period last year. Revenue for the second quarter had a 71% increase to close at $27.39 billion compared to $16.00 billion for the comparable
August 14, 2023 United States: The Fed Is Playing a Waiting Game to Try to Avoid a Recession An increasing number of economists — including the Federal Reserve’s own staff — are predicting the US will escape a recession, though it’ll be well into 2024 before anyone can be sure of it. Fed Chair
August 11, 2023 Massy Holdings Limited (MASSY) for the nine months ended June 30, 2023, reported a 12% increase in revenue totaling TT$10.35 billion compared to TT$9.20 billion in the corresponding period last year. Revenue for the third quarter had a 16% increase to close at TT$3.55 billion compared to TT$3.06 billion for the
August 11, 2023 United States: US Producer-Price Inflation Picks Up on Boost From Services US producer prices picked up in July, primarily due to increases in certain service categories, highlighting the choppy nature of getting inflation back down to target. The producer price index for final demand, as well as the core index which
