June 20, 2022 According to the US Bureau of Labor Statistics, the seasonally adjusted Producer Price Index for final demand gained 0.8% in May 2022. Following gains of 0.4% in May and 1.6% in March 2022. Final demand prices increased 10.8% for the 12 months ended May 2022 on an unadjusted basis. Two-thirds of the
June 16, 2022 Overall economic activity has seemingly improved when compared the first quarter of 2022, with increased job gains and low unemployment. Inflation, however, remains elevated due to supply and demand imbalances from the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia has led to upward inflationary pressures
June 16, 2022 According to STATIN (The Statistical Institute of Jamaica), the Consumer Price Index for May 2022 was 120.9, up 0.3% from April 2022 which closed at 120.4. The upward movement was primarily attributable to a 7.7% increase in the index for the ‘Restaurants and Accommodation Services’ division due to higher prices for items
June 13, 2022 During 2021, the asset quality of euro area banks improved while stocks of non-performing loans (NPLs) continued downward and inflows into riskier asset stages slowed. In the fourth quarter of 2021, the aggregate NPL ratio reached its lowest level since 2008, which was 2.1% of total loans or 58 basis points lower
June 9, 2022 For May 2022, the European Central Bank (ECB) reported that the global economy continued to be affected by the Russia-Ukraine war. The effects of the invasion caused some repricing in global financial markets and further depleted the confidence of businesses and consumers despite the lifting of the tight restrictions, which were imposed
June 8, 2022 BOJ has reported that Jamaica’s Net International Reserves as at May 31, 2022 stood at US$3,757.29 million, reflecting an increase of US$23.15 million when compared to the US$3,734.14 million reported at the end of April 2022. Foreign Assets totalled US$4,374.91 million, US$17.44 million more than the US$4,357.47 million reported in April 23022.
June 2, 2022 Government Operations Results for April 2022 For the period of April 2022, the GOJ reported Total Revenues & Grants of $50.68 billion, $2.91 billion more than the Government’s projection. This represented a decline of approximately 33% relative to the $75.73 billion recorded for the corresponding period in 2021. ‘Non-Tax Revenue’, ‘Capital Revenue’
United States: US Rivals Shunning Dollar Lifts Yuan-Ruble Trading by 1,067% “The emerging multi-polar world now includes foreign-exchange markets -- as China and Russia, the biggest challengers to U.S. supremacy, boost direct trading between their currencies. Monthly volumes on the ruble-yuan pair have surged 1,067% to almost $4 billion since the start of the war
May 27, 2022 According to the Bureau of Economic Analysis, B.E.A.)“second” estimate, real gross domestic product (GDP) decreased at an annual rate of 1.5% in the first quarter of 2022. Real GDP increased by 6.9% in the fourth quarter of 2021. The GDP estimate released on May 26, 2022 is based on a more complete
May 25, 2022 Monthly Economic Review - April 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
