January 3, 2023 The Statistical Institute of Jamaica (STATIN) reported a 5.9% increase in Jamaica's total value added at constant prices in the third quarter of 2022 compared to the same quarter of 2021. The Planning Institute of Jamaica (PIOJ) anticipated 4.3% quarterly increase. Services and goods-producing industries grew 6.0% and 5.6%, respectively. The economy's
December 21, 2022 For the week leading up the Christmas holidays (12 to 16 December 2022), Bank of Jamaica recorded net currency issue of $8.7 billion to financial institutions (commercial banks, building societies and cambios). The issue for the period contributed to an overall growth of $14.0 billion or 6.8% in the currency stock for
December 21, 2022 Effective December 15, 2022, the Governing Council took the decision to raise the three key interest rates set by the European Central Bank (ECB) by 50 basis points. As a result, starting on December 21, 2022, the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility
December 16, 2022 The Statistical Institute of Jamaica (STATIN) reported that the All-Jamaica Consumer Price Index (CPI) increased by 10.3% for November 2021 to November 2022. Consequently, the inflation rate for November 2022 was 0.4%. The main driver of this growth was a 2.0% increase in the index for the division ‘Food and Non-Alcoholic Beverages’,
December 14, 2022 The UN agency for trade and development, UNCTAD estimates that this year's global trade will reach about $32 trillion, but inflation has recently reversed some gains. Analysts at UNCTAD claim that in the second half of 2022, global growth "became negative." By the end of the year, the UN agency predicted that
December 14, 2022 According to England’s ONS (Office of National Statistics) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose to 9.3% as at November 2022 while the Consumer Prices Index (CPI) rose to 10.7%. CPIH & CPI in October 2022 was 9.6% & 11.1% respectively. Although the annual rate eased between October
December 9, 2022 According to the statistical office of the European Union (Eurostat), industrial producer prices fell in October 2022, by 2.9% in the euro area (+30.8% from October 2021) and by 2.5% in the EU (+31.2% from October 2021) when compared to September 2022, where prices grew by 1.6% in the euro area and
December 9, 2022 BOJ has reported that Jamaica’s Net International Reserves as at November 30, 2022 stood at US$3,849.90 million, reflecting an increase of US$75.30 million when compared to the US$3,774.60 million reported at the end of October 2022. Foreign Assets totalled US$4,402.65 million, US$83.96 million more than the US$4,318.68 million reported in October 2022.
December 6, 2022 Government Operations Results for October 2022 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation
December 5, 2022 Monthly Economic Review - October 2022 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation
