Brent Oil Brent oil prices decreased by 6.32% or US$4.93, as prices fell this week. Oil traded on July 12, 2018 at a price of $73.13 per barrel relative to US$78.06 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.61% (JMD$0.83). Additionally
July 12, 2018 Industrial production up by 1.3% in euro area and Up by 1.2% in EU28 According to the latest report published by Eurostat, the statistical office of the European Union, “In May 2018, compared with April 2018, industrial production rose by 1.3% in the euro area (EA19) and by 1.2% in the EU28.”
Date: July 11, 2018 Gross Domestic Product (GDP) - First Quarter 2018 The latest data from the Statistical Institute of Jamaica indicates, “The Jamaican economy grew by 1.4% in the first quarter of 2018 when compared to the similar quarter of 2017”. This was due mainly to the improved performances in both the Services industries
July 11, 2018 EU’s share of world population has almost halved over last 50 years According to the latest report published by Eurostat, the statistical office of the European Union, “Between 1965 and 2015, the share of the world’s population (7.4 billion inhabitants in 2015) living in G20 members fell from 73% to around 64%.
Date: July 10,2018 Today, The Jamaica Chamber of Commerce announced the results of the 2018 2nd Quarter Business and Consumer Confidence Indices today at the JCC Secretariat. The presentation was led by Mr. Don Anderson – Managing Director, Market Research Services Ltd. Business Confidence Index According to the Survey of Business Confidence Second Quarter 2018
July 10, 2018 House prices up by 4.5% in the euro area and up by 4.7% in the EU According to the latest report published by Eurostat, the statistical office of the European Union, “House prices, as measured by the House Price Index, rose by 4.5% in the euro area and by 4.7% in the
July 09, 2018 The Employment Situation – June 2018 The Bureau of Labor Statistics reported that, “Total nonfarm payroll employment increased by 213,000 in June, and the unemployment rate rose to 4.0%. Job growth occurred in professional and business services, manufacturing, and health care, while retail trade lost jobs.” Household Survey Data According to
Date: July 9, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,135.49 million as at June 2018, reflecting a decrease of US$40.39 million relative to the US$3,175.88 million reported as at the end of May 2018 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$46.70 million to total US$3,687.40 million
July 06, 2018 Goods and Services Trade Deficit The U.S. Bureau of Economic Analysis indicated that, “The goods and services deficit was $43.1 billion in May, down $3.0 billion from $46.1 billion in April.” May exports ($215.3 billion) exceeded exports in April by $4.1 billion, whereas $258.4 billion was recorded for imports in May which
Brent Oil Brent oil prices increased by 0.84% or US$0.65, as prices rose this week. Oil traded on July 5, 2018 at a price of $78.06 per barrel relative to US$77.41 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.09% (JMD$1.45). Additionally
