November 8, 2021 Jamaica’s Net International Reserves (NIR) totalled US$3,868.07 million as at October 2021, reflecting a decrease of US$96.15 million relative to the US$3,964.22 million reported at the end of September 2021 (see figure 1). Foreign Assets totalled US$4,740.51 million, US$94.47 million less than the US$4,834.98 million reported for September 2021. ‘Currency & Deposits’
November 8, 2021 Guardian Holding Limited (GHL), for the nine months ended September 30, 2021 reported gross premium written of TT$5.37 billion, 8% higher than the TT$4.99 billion reported for 2020. As a result, net written premium increased by 4% to TT$3.39 billion from TT$3.27 billion for the nine months ended September 30, 2020. The Company noted that, “As
November 08, 2021 United States: Turbocharged U.S. Consumer Plays Key Role in Supply-Chain Snarls “Amid all the hand-wringing over global supply-chain snarls and how they’re fanning inflation, little attention in the U.S. is being paid to the demand side of the economy. That’s despite mounting evidence that the American consumer’s supercharged spending habits are playing
November 11, 2021 Total nonfarm payroll employment increased by 531,000 in October, as the unemployment rate decreased to 4.6%, according to a report by the U.S. Bureau of Labour Statistics (BLS). BLS mentioned that in October, “notable job gains in leisure and hospitality, in professional and business services, in manufacturing, and transportation and warehousing. Employment
November 3, 2021 On November 3, 2021, the Federal Reserve decided to maintain its benchmark interest rate at 0 and 0.25% after the Federal Open Market Committee concluded its two-day meeting. This target range is expected to be maintained until labor market conditions have reached levels consistent with the Committee’s assessments. With progress on vaccinations
November 03, 2021 According to the US Bureau of Labor Statistics, unemployment rates were lower in 386 of the 389 metropolitan areas in September than a year ago, higher in two areas, and unchanged in one region. There were 88 locations with unemployment rates of less than 3.0% and two areas with rates of more
November 3, 2021 According to Eurostat, the statistical office of the European Union, the euro area seasonally-adjusted unemployment rate was 7.4% in September 2021, down 0.1% when compared to August 2021 8.6% and less than September 2020 8.6%. Additionally, it was reported that, the EU unemployment rate was 6.7%, lower that August 2021 6.9% and
November 02, 2021 Total Construction Construction spending is expected to be $1,573.6 billion in September 2021, down 0.5% (±1.0%) from the revised August estimate of $1,582.0 billion. The September amount is $1,459.3 billion, which is 7.8% (±1.5%) higher than the September 2020 projection of $1,459.3 billion. Construction investment reached $1,177.5 billion in the first nine
November 2, 2021 According to an estimate published by Eurostat, the statistical office of the European Union, for the third quarter of 2021 seasonally adjusted GDP for the euro area increased by 2.2% and by 2.1% in the EU, when compared with the previous quarter. Flashback to the second quarter, where GDP rose by 2.1%
October 29, 2021 Real gross domestic product (GDP) rose at an annual rate of 2.0% for the third quarter of 2021 according to the advance estimate released by the Bureau of Economic Analysis (BEA). This follows an increase of 6.7% in the second quarter. The third quarter GDP increase reflected continued economic impact of the
