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18 07, 2024

Jamaica’s unemployment rate was 5.4% in January 2024

2024-07-18T15:35:44-05:00

July 18, 2024 The Statistical Institute of Jamaica (STATIN) released key indicators from the January 2024 Labour Force Survey (LFS), which incorporates revisions based on international recommendations from the International Labour Organization (ILO). These updates enhance data accuracy, relevance, and international comparability. STATIN highlighted, “It is important to note that these changes represent a break

Jamaica’s unemployment rate was 5.4% in January 20242024-07-18T15:35:44-05:00
18 07, 2024

Jamaica’s inflation rate increased by 1.1% in June 2024

2024-07-18T12:44:10-05:00

July 18, 2024 The Statistical Institute of Jamaica (STATIN) reported that for June 2024, the point-to-point inflation rate was +5.4%; 0.2 percentage points higher than the 5.2% recorded for May 2023 to May 2024. Compared to May 2024, The All-Jamaica Consumer Price Index (CPI) for June 2024 increased by 1.1%. The main driver of the

Jamaica’s inflation rate increased by 1.1% in June 20242024-07-18T12:44:10-05:00
17 07, 2024

Gross Domestic Product (GDP) grew by 1.4% for Q1 2024

2024-07-17T10:40:32-05:00

July 17, 2024 The Statistical Institute of Jamaica (STATIN) reported a 1.4% increase in Jamaica’s total value added at constant prices in the first quarter of 2024 compared to the same quarter of 2023. This resulted from growth in both the Services and Goods Producing Industries. The Services Industries grew by 1.3%, while the Goods

Gross Domestic Product (GDP) grew by 1.4% for Q1 20242024-07-17T10:40:32-05:00
17 07, 2024

Euro Area annual inflation down to 2.5% in June 2024

2024-07-17T10:10:06-05:00

July 17, 2024 The euro area annual inflation rate fell to 2.5% in June 2024, from 2.6% in May. A year ago, the rate was 5.5%. Annual inflation in the European Union fell to 2.6% in June 2024, from 2.7% in May. A year ago, the rate was 6.4%. These figures are issued by Eurostat,

Euro Area annual inflation down to 2.5% in June 20242024-07-17T10:10:06-05:00
16 07, 2024

Euro area international trade in goods surplus: €13.9 billion

2024-07-16T09:58:26-05:00

July 16, 2024 According to preliminary euro area balance estimates, there was a €13.9 billion surplus in trade in goods with the rest of the world in May 2024, up from a deficit of €0.4 billion in May 2023. Euro area exports to the rest of the world in May 2024 totaled €241.5 billion, a

Euro area international trade in goods surplus: €13.9 billion2024-07-16T09:58:26-05:00
9 07, 2024

Total market production increased in April 2024 for EU and Euro Area

2024-07-09T15:55:31-05:00

July 9, 2024 In April 2024, total market production climbed by 0.7% in the EU and 0.3% in the euro area compared to the previous month. The total market production index (TMPI) is a composite indicator that includes four short-term business statistics indicators representing the majority of the market economy, namely production in industry, construction,

Total market production increased in April 2024 for EU and Euro Area2024-07-09T15:55:31-05:00
9 07, 2024

Net International Reserves – June 2024

2024-07-09T15:48:09-05:00

July 9, 2024 Net International Reserves – June 2024 BOJ has reported that Jamaica's Net International Reserves as at June 30, 2024 stood at US$5,185.08 million, reflecting an increase of US$150.19 million when compared to the US$5,034.88 million reported at the end of May 2024. Foreign Assets totalled US$5,261.51 million, US$132.16 million more than the

Net International Reserves – June 20242024-07-09T15:48:09-05:00
8 07, 2024

U.S. unemployment rate changed little at 4.1% in June 2024

2024-07-08T13:06:20-05:00

July 8, 2024 According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment increased by 206,000 in June, and the unemployment rate changed little at 4.1 percent. Notable, job gains occurred in government, health care, social assistance, and construction. The U.S. Bureau of Labor Statistics reported these findings based on two monthly surveys:

U.S. unemployment rate changed little at 4.1% in June 20242024-07-08T13:06:20-05:00
5 07, 2024

Jamaica Utilizes Domestic Funds for Hurricane Recovery

2024-07-05T11:59:51-05:00

July 5, 2024 The Jamaica Observer highlighted, Finance Minister Dr. Nigel Clarke announced that Jamaica will utilize the Contingency Fund and Natural Disaster Fund, totaling $4.5 billion, to finance recovery efforts following Hurricane Beryl. Despite the hurricane not making landfall, significant damage occurred. Clarke highlighted Jamaica's proactive multi-layered financial strategy, which includes these funds, contingent

Jamaica Utilizes Domestic Funds for Hurricane Recovery2024-07-05T11:59:51-05:00
5 07, 2024

IMF Praises Dominica’s Economic Recovery and Growth Outlook

2024-07-05T09:20:50-05:00

July 5, 2024 The International Monetary Fund (IMF) concluded its Article IV consultation with Dominica on May 31, 2024. The Dominican economy has rebounded strongly, with real GDP growth of 5.6% in 2022 and an estimated 4.7% in 2023, primarily due to tourism recovery and Citizenship by Investment (CBI) revenues. Inflation dropped significantly from 9.75%

IMF Praises Dominica’s Economic Recovery and Growth Outlook2024-07-05T09:20:50-05:00