Date: October 18, 2018 Consumer Price Index -September 2018 The consumer price index for the month of September 2018 increased 1.1%, following the 0.9% increase in August 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of September advanced to 255.6, relative to the 252.8 reported for August
Date: October 12, 2018 The Bureau of Labor Statistics reported that, “prices for U.S. imports increased 0.5 percent in September, after declining 0.4 percent in August and 0.1 percent in July.” The report further mentioned that the advancement in September was a result of higher fuel prices. In addition, U.S. export prices recorded no change
Brent Oil Brent oil prices decreased by 4.22% or US$3.59, as prices rose this week. Oil traded on October 11, 2018 at a price of US$81.44 per barrel relative to US$85.03 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.09% (JMD$0.13). Additionally,
Date: October 09, 2018 The U.S. Bureau of Economic Analysis indicated that, “State personal consumption expenditures (PCE) increased on average 4.3 percent in 2017, an acceleration from the 3.8 percent increase in 2016.” In addition, the PCE percentage change across all states ranged from 6.9 percent in Idaho to 2 percent in North Dakota. Expenditure
Date: October 9, 2018 Survey of Business & Consumer Confidence Index The Jamaica Chamber of Commerce announced the results today, October 9, 2018, the 3rd Quarter Business and Consumer Confidence Indices at the JCC Secretariat. The presentation was hosted by Mr. Don Anderson – Managing Director, Market Research Services Ltd. Business Confidence Index The Business
October 08, 2018 Goods and Services Trade Deficit The U.S. Bureau of Economic Analysis indicated that, “The goods and services deficit was $53.2 billion in August, up $3.2 billion from $50 billion in July.” August exports ($209.4 billion), was less than exports in July by $1.7 billion, whereas $262.7 billion was recorded for imports in
Date: October 8, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,026.72 million as at September 2018, reflecting a decrease of US$31.70 million relative to the US$3,058.42 million reported as at the end of August 2018 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$39.45 million to total US$3,568.84 million
October 05, 2018 The Bureau of Labor Statistics reported that, “Total nonfarm payroll employment increased by 134,000 in July, and the unemployment rate fell to 3.7%. Job growth occurred in professional and business services, in health care and in transportation and warehousing.” Household Survey Data According to available seasonally adjusted data, in September, there was
Brent Oil Brent oil prices increased by 4.94% or US$4, as prices rose this week. Oil traded on October 04, 2018 at a price of US$85.03 per barrel relative to US$81.03 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 0.81% (JMD$1.14). Additionally,
Date: October 1, 2018 For the period of April 2018 to August 2018, the GOJ reported Total Revenues & Grants of $229.97 billion, $6.18 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 7.9% relative to the $213.07 billion recorded for the corresponding period in 2017. ‘Tax Revenue’,
