September 3, 2020 Goods and Services Trade Deficit The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised.” July exports ($168.1 billion), were more than June exports by $12.6 billion, whereas, July imports amounted to $231.7 billion which was $22.7 billion
September 3, 2020 The seasonally adjusted initial claims, advance estimate, fell to 881,000, a decrease of 130,000 for the week ending August 29 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,011,000 from 1,006,000 up by 5,000. In comparison to the previous week’s average, the 4-week
September 02, 2020 Unemployment rates trended upward for the month of July in all 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 7 areas had jobless rates of less than 10.0 %, and 16 areas had rates of at least 20.0%.” Non-farm payroll employment fell in
September 2, 2020 Government Operations Results for July 2020 For the period of April to July 2020, the GOJ reported Total Revenues & Grants of $161.75 billion, $9.61 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 5.1% relative to the $153.85 billion recorded for the corresponding period
September 01, 2020 In August 2020, a month marked by the continued lifting of COVID-19 containment measures, the Euro area annual inflation rate is anticipated to be -0.02%, a decrease from 0.4% in July, based on a flash estimate from the statistical office of the European Union (Eurostat). The largest contribution to the euro area
August 28, 2020 In July, personal income rose $70.5 billion (0.4%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $39.9 billion (0.2%) and personal consumption expenditures (PCE) rose $267.6 billion (1.9%). Real DPI declined 0.1% in July, and Real PCE rose 1.6%. The PCE price
August 27, 2020 The seasonally adjusted initial claims, advance estimate, rose to 1,006,000, a decrease of 98,000 for the week ending August 22 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,104,000 from 1,106,000 down by 2,000. In comparison to the previous week’s average, the 4-week moving
August 27, 2020 Brent Oil Brent oil prices increased by 0.65% or US$0.29, as prices rose this week relative to the prior week. Oil traded on August 27, 2020 at a price of US$45.19 per barrel relative to US$44.90 on August 20, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
August 26, 2020 For Great Britain, retail sales volumes for July 2020 rose by 3.6% relative to June 2020, and are 3.0% above pre-pandemic levels in February 2020, according to the Office of National Statistics. Moreover, retail sales value increased by 4.4% over the month and 1.7% when compared to February 2020. Food store sales
August 26, 2020 United States: Fed Seen Holding Rates at Zero for Five-Years Plus in New Policy “The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy. The new approach, which could be unveiled as soon as
