February 18, 2022 Outline According to STATIN (The Statistical Institute of Jamaica), the Consumer Price Index for January 2022 was 117.6, up 0.6 per cent from December 2022 which closed at 117. The upward movement was primarily attributable to an 8.4 per cent increase in the index of the heavily weighted ‘Restaurants and Accommodation Services’
February 18, 2022 BANK OF JAMAICA REDUCES MONETARY ACCOMMODATION Bank of Jamaica (BOJ) announces its decision to increase the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) by 150 basis points to 4.00 per cent per annum, effective 21 February 2022. The Bank also decided to pursue stronger measures
United States: Bird Flu Is Latest Threat to America’s Embattled Chicken Farms “U.S. poultry farms have yet another production headache to deal with: bird flu. For the first time in several years, cases of deadly avian influenza have hit farms in Indiana, Virginia and Kentucky recently. That prompted some nations such as Mexico to ban
February 17, 2022 Equity Market Review January 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 was,
February 11, 2022 ExxonMobil started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2 – which will bring total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery. Production at the Liza Unity floating, production, storage and offloading (FPSO) vessel is
February 11, 2022 The Consumer Price Index for All Urban Consumers (CPI-U) climbed 0.6 percent on a seasonally adjusted basis in January, according to the U.S. Bureau of Labor Statistics. Before seasonal adjustment, the all items index gained 7.5 percent over the previous 12 months. Food, electricity, and shelter index increases were the major contributors
February 10, 2022 BOJ has reported that Jamaica’s Net International Reserves (NIR) as at January 31, 2022 now sits at US$3,507.66 million, reflecting a decrease of US$493.12 million relative to the US$4,000.77 million reported at the end of December 2021. Foreign Assets now total US$4,335.63 million, US$497.77 million less than the US$4,833.40 million reported in December 2021. 'Currency & Deposits' as of January 31, 2022, totalled
February 9, 2022 Sales After adjusting for seasonal variations and trading day variances but not for pricing adjustments, December 2021 merchant wholesaler sales were $634.6 billion, up 0.2% (±0.4%)* from the revised November level and up 21.8% (±1.9%) from the revised December 2020 level. The percent change from October 2021 to November 2021 was updated
February 09, 2022 The Goods and Services Deficit Increased $182.4 billion Year to Year. The United States Census Bureau and the United States Bureau of Economic Analysis stated that the December goods and services deficit was $80.7 billion, up $1.4 billion from the revised $79.3 billion in November. December exports totaled $228.1 billion, an increase
