January 4, 2020 Government Operations Results for November 2020 For the period of April to November 2020, the GOJ reported Total Revenues & Grants of $339.84 billion, $1.07 billion more than the Government’s projection. This represented a decrease of approximately 16.1% relative to the $404.96 billion recorded for the corresponding period in 2019. ‘Tax Revenue’
December 31, 2020 According the Statistical Institute of Jamaica (STATIN), the Jamaican economy declined by 10.7% in the third quarter of 2020 when compared to the similar quarter of 2019. This downward movement resulted from declines in both the Services Industries (13.1%) and the Goods Producing Industries (3.5%). The performance of the economy was largely
December 31, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 19,000 to 787,000 for the week ending December 26, from the prior week’s revised level, according to the U.S. Department of Labour (DOL). The prior week’s level was revised from 803,000 to 806,000 up by 3,000. In comparison to the previous week’s average, the 4-week moving
December 29, 2020 The Bureau of Economic Analysis noted that the U.S. net international investment position totaled -$13.95 trillion at the end of the third quarter of 2020. Moreover, assets amounted to $29.41 trillion whilst liabilities amounted to $43.36 trillion. The net investment position amounted to -$13.08 trillion at the end of the second quarter. United States assets had
December 24, 2020 In 2020, the foreign exchange market experienced two-way movements in the exchange rate. The Jamaican economy has seen a rapid depreciation in the exchange rate this year amid the pandemic due to our economy’s dependence on tourism. The central bank has implemented numerous initiatives with the objective of providing liquidity to
December 24, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 89,000 to 803,000 for the week ending December 19, from the prior week’s revised level, according to the U.S. Department of Labour (DOL). The prior week’s level was revised from 885,000 to 892,000 up by 7,000. In comparison to the previous week’s average,
December 23, 2020 In November, personal income fell $221.8 billion (1.1%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) declined $218.0 billion (1.2%) and personal consumption expenditures (PCE) fell $63.3 billion (0.4%). Real DPI decline 1.3% in November, and Real PCE fell 0.4%. The PCE price
December 22, 2020 Monthly Economic Review - November 2020 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 21, 2020 USA Economic Review -November 2020 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,
December 21, 2020 For the week leading up to the Christmas holidays (14 to 18 December 2020), Bank of Jamaica (BOJ) net issued currency amounting to $5.7 billion, representing an increase of 3.3 per cent in the currency stock for the week. This was below the $8.1 billion or 6.2 per cent increase in the
