The Producer Price Index increased 0.4% in November 2017 according to the U.S. Bureau of Labor Statistics. This follows a 0.4% upward movement in both October and September. On an unadjusted basis, the final demand index rose 3.1% for the 12 months ended in November. The final demand index in November rose due to a
Net International Reserves Jamaica’s Net International Reserves totaled US$3,116.22 million as at November 2017, reflecting an increase of US$31.24 million relative to the US$3,084.98 million reported as at the end of September 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$26.33 million to total US$3,685.59 million compared to
Gross domestic product improved 0.6% in both the euro area (EU19) and the EU28 for the third quarter of 2017 according to an estimated released by Eurostat, the statistical office of the European Union. the growth follows a 0.7% increase recorded for the second quarter of 2017 in both areas. The growth within the
Brent Oil Brent oil prices declined by 2.99% (US$1.89), as prices declined this week. Oil traded on December 07, 2017 at a price of 61.22 (US$ barrel) and began the year at US$56.0 per barrel. Petrojam prices 87 Octane prices declined week over week, by 0.29% (US$0.35 ). Additionally 90 Octane declined by 0.28% or
For the period of April 2017 to September 2017, the GOJ reported Total Revenues & Grants of $262.11 billion, $14.69 billion more than the government’s projection. Furthermore, year over year, this represents an increase of approximately 11.4% relative to the $235.31 billion recorded for the corresponding period in 2016. ‘Tax Revenue,’ ‘Non-Tax Revenue,’ ‘Capital Revenue’
Seasonally adjusted retail trade volume declined 1.1% in the euro area (EA19) and 0.5% in the EU28 for October 2017. This decline follows a 0.8% and 0.2% increase in the euro area (EA19) and EU28 recorded in September 2017 according to estimates from Eurostat, the statistical office of the European Union. The main drivers behind
During the period January to September 2017 the trade deficit worsened to US$3,205.3 million, increasing by US$561.4 million or 21.2% relative to US$2,643.9 million for the corresponding period in 2016 based on data released by the Statistical Institute of Jamaica (STATIN). STATIN highlighted, “Expenditure on imports from the United States of America (Jamaica’s main trading
Brent Oil Brent oil prices declined by 0.33% (US$0.21), as prices declined this week. Oil traded on November 29, 2017 at a price of 63.11 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices declined week over week, by 1.41% (US$1.69 ). Additionally 90 Octane declined by 1.38%
The Bank of Jamaica (BOJ) announced that the Minister of Finance, The Honourable Minister Audley Shaw, approved a continuous medium term inflation target for the Bank in September 2017. This approval substitutes the annul fiscal year target. The target approved by the Minister is 4% - 6% for the Bank. The target inflation designates the
Please click below to view Jamaica's Monthly Economic Summary - October 2017. Monthly Economic Review - October 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
