21 12, 2017

Monthly Economic Review – December 21, 2017

2018-01-22T22:18:09-05:00

Please click below to view November 2017's Economic Review. Monthly Economic Review - November 2017 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of

Monthly Economic Review – December 21, 20172018-01-22T22:18:09-05:00
21 12, 2017

Producer Price Index climbs 2% for October 2017

2017-12-21T15:40:16-05:00

the Producer Price Index for the Mining and Quarrying industry posted a growth of 2% for October 2017. The movement was as a result of the major group ‘Bauxite Mining Alumina Processing’ which experience a similar growth of 2% in its index according to the Statistical Institute of Jamaica (STATIN). STATIN also noted, “this was

Producer Price Index climbs 2% for October 20172017-12-21T15:40:16-05:00
20 12, 2017

Production in construction down by 0.4% in the euro area

2017-12-20T15:03:47-05:00

The seasonally adjusted production in the construction sector fell 0.4% in the euro area (EA19) for October 2017 relative to September 2017. First estimates from the Eurostat, the statistical office of the European Union reflect a 0.7% decline for the EU28 for October 2017. This follows a 0.1% increase in the euro area (EU19) for

Production in construction down by 0.4% in the euro area2017-12-20T15:03:47-05:00
19 12, 2017

House approves biggest tax overhaul in 30 years

2017-12-19T19:59:07-05:00

The Republican-controlled U.S. House of Representatives approved sweeping, debt-financed tax legislation on Tuesday, sending the bill to the Senate, where lawmakers were due to take up the package later in the evening. The biggest overhaul of the U.S. tax system in more than 30 years could be signed into law by President Donald Trump as

House approves biggest tax overhaul in 30 years2017-12-19T19:59:07-05:00
19 12, 2017

U.S. current account deficit improves at the end of the third quarter of 2017

2017-12-19T17:50:09-05:00

The U.S. current account deficit at the end of the third quarter of 2017 declined to $100.6 billion from $124.4 billion in the second quarter of 2017, according to information released by the Bureau of Economic Analysis (BEA). The improvement from the third quarter reflects a decrease in the deficits on secondary income and goods

U.S. current account deficit improves at the end of the third quarter of 20172017-12-19T17:50:09-05:00
18 12, 2017

Monthly inflation of 0.6% for November 2017

2017-12-18T15:56:28-05:00

Consumer Price Index- November 2017  The inflation rate for the month November 2017 inched up to 0.6%, following an upward movement of 0.4% in October 2017 according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month rose from 245.8 in October 2017 to 247.3 for November 2017. The division which

Monthly inflation of 0.6% for November 20172017-12-18T15:56:28-05:00
15 12, 2017

Euro area records an €18.9 billion surplus in trade in goods for October 2017

2017-12-15T15:47:01-05:00

Euro Area Based on the first estimate from Eurostat  for the euro area (EA19) exports of goods to the rest of the world in October 2017 amounted to €187.9 billion, up 8.8% versus €172.6 billion for October 2016.  Imports from the rest of the world stood at €168.9 billion, an increase of 10.1% relative to

Euro area records an €18.9 billion surplus in trade in goods for October 20172017-12-15T15:47:01-05:00
14 12, 2017

ECB Keeps Policy Unchanged

2017-12-14T16:01:05-05:00

The European Central Bank kept its interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40% respectively. The ECB also expects the rates to remain at current levels for some time past the horizon of the net asset purchases.

ECB Keeps Policy Unchanged2017-12-14T16:01:05-05:00
14 12, 2017

Gas Price Movement December 14, 2017

2017-12-14T15:00:16-05:00

Brent Oil Brent oil prices increased 1.99% or US$1.22, as prices rose this week. Oil traded on December 14, 2017 at a price of $62.44 per barrel relative to US$61.22 last week. Brent oil began the year at US$56.00 per barrel. Petrojam prices 87 Octane prices declined week over week, by 1.07% (JMD$1.30). Additionally 90

Gas Price Movement December 14, 20172017-12-14T15:00:16-05:00
13 12, 2017

Fed Raises Rates

2017-12-13T19:58:31-05:00

Federal Reserve officials followed through on an expected interest-rate increase today citing continued strengthening in the labour market and rising economic activity. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up

Fed Raises Rates2017-12-13T19:58:31-05:00