Brent Oil Brent oil prices increased by 1.18% or US$0.91, as prices rose this week. Oil traded on September 13, 2018 at a price of US$78.30 per barrel relative to US$77.39 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.52% (JMD$0.72). Additionally,
Date: September 10, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,058.42 million as at August 2018, reflecting a decrease of US$91.06 million relative to the US$3,149.48 million reported as at the end of July 2018 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$92.42 million to total US$3,608.30 million
Date: September 3, 2018 For the period of April 2018 to July 2018, the GOJ reported Total Revenues & Grants of $185.51 billion, $2.65 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 11.6% relative to the $166.21 billion recorded for the corresponding period in 2017. ‘Tax Revenue’
Brent Oil Brent oil prices increased by 4.61% or US$3.43, as prices rose this week. Oil traded on August 30, 2018 at a price of US$77.79 per barrel relative to US$74.36 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.08% (JMD$1.48). Additionally,
Date: August 29, 2018 The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the Governor, Mr. Brian Wynter, spoke on the Bank’s monetary policy decision in the context of the Banks outlook for inflation and the overall economy in the current quarter against the background of the economy’s performance for
Date: August 28, 2018 BANK OF JAMAICA MAINTAINS POLICY RATE Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 2.00 per cent. This decision reflects the Bank’s assessment that inflation, currently below target, will rise towards the lower end of
August 28, 2018 The U.S. Bureau of Economic Analysis indicated that, “The estimates of GDP for American Samoa showed that real GDP decreased 5.3 percent in 2017 after decreasing 2.7 percent in 2016. Real GDP for the United States, excluding the territories, increased 2.2 percent in 2017 after increasing 1.6 percent in 2016.” The American
August 27, 2018 According to the latest report published by Eurostat, the statistical office of the European Union, “Based on the operations and finances of U.S. parent companies and their foreign affiliates, worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4 percent to 42.3 million workers (preliminary) in 2016 from 42.1 million (revised) in 2015.” In 2016,
August 24, 2018 According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2018, compared with May 2018, industrial production fell by 0.7% in the euro area (EA19) and by 0.4% in the EU28.” However, in June 2018 industrial production increased by 1.4% in the euro area and
Brent Oil Brent oil prices increased by 4.94% or US$3.50, as prices rose this week. Oil traded on August 23, 2018 at a price of US$74.36 per barrel relative to US$70.86 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.08% (JMD$0.11). Additionally,
