August 19, 2021 Consumer Price Index – July 2021 According to the Statistical Institute of Jamaica (STATIN) the consumer price index for July 2021 was 111.4 resulting in an inflation rate of 1.5% when compared to the previous month’s inflation rate of 0.7%. STATIN noted that, “This movement was primarily due to the 2.3% increase
August 10, 2021 The number of job openings reached a record high of 10.1 million on the final business day of June, according to the U.S. Bureau of Labor Statistics. Total hires increased to 6.7 million, while total separations increased to 5.6 million. The quit rate climbed to 2.7 percent within separations. The rate of
August 10, 2021 Jamaica’s Net International Reserves (NIR) totalled US$3,359.55 million as at July 2021, reflecting a decline of US$29.17 million relative to the US$3,388.71 million reported at the end of June 2021 (see figure 1). Foreign Assets totalled US$4,258.20 million, US$27.69 million less than the US$4,285.89 million reported for June 2021. ‘Currency & Deposits’
August 9, 2021 BOJ MINTS FIRST BATCH OF JAMAICA’S CENTRAL BANK DIGITAL CURRENCY At a short ceremony this morning, Bank of Jamaica (BOJ) minted Jamaica’s first batch of central bank digital currency (CBDC). A total of J$230 million dollars in CBDC will be issued to deposit-taking institutions and authorized payment service providers during the CBDC
August 5, 2021 The advance number for seasonally adjusted initial claims for the week ending July 31 was 385,000, down 14,000 from the previous week's revised estimate. The prior week's figure of 400,000 was revised down to 399,000. The 4-week moving average was 394,000, down 250 from the adjusted average from the prior week. The
August 4, 2021 According to Bureau of Economic Analysis, personal income climbed $26.1 billion (0.1%) in June. Personal consumption expenditures (PCE) rose $155.4 billion (1.0 percent) but disposable personal income (DPI) dropped $2.6 billion (less than 0.1 percent). In June, the real DPI fell 0.5%, but the real PCE rose 0.5%; goods fell 0.2%, while services rose
August 04, 2021 Government Operations Results for June 2021 For the period of April to June 2021, the GOJ reported Total Revenues & Grants of $175.38 billion, $11.58 billion more than the Government’s projection. This represented an increase of approximately 43% relative to the $122.65 billion recorded for the corresponding period in 2020. ‘Tax Revenue’
July 28, 2021 On Wednesday, the Federal Reserve held 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. FOMC highlighted advancements in vaccines and strong policy
July 23, 2021 Monthly Economic Review - June 2021 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
July 23, 2021 The Statistical Institute of Jamaica (STATIN) did not undertake a Labour Force Survey in April 2020 due to the pandemic and the measures implemented by the Government to contain the spread. The current release highlights the April 2021 Labour Force Survey findings and a comparison with the April 2019 survey was
