Consumer Price Index – June 2020 The consumer price index for June 2020 was 105.2 resulting in an inflation rate of 1.4% increase when compared to previous month’s 103.8 price index, according to the Statistical Institute of Jamaica (STATIN). According to Statistical Institute of Jamaica (STATIN), this increase was as result of, ‘Food and Non-
Government Operations Results for June 2020 For the period of April to June 2020, the GOJ reported Total Revenues & Grants of $122.65 billion, $7.90 billion more than the Government’s projection. Furthermore, year over year, this represents a decrease of approximately 25.4% relative to the $153.85 billion recorded for the corresponding period in 2019. ‘Tax
July 31, 2020 Paramount Trading (Jamaica) Limited recorded a 5% decrease in total revenues to $1.52 billion from $1.60 billion reported in 2019. For the quarter, revenues amounted to $365.86 million (2019: $ 406.08 million). Direct expenses closed the period at $1.05 billion relative to the $1.10 billion booked a year ago. As such, gross
Americans applying for jobless claims rose for the second straight week, climbing 12,000 compared to data released for the week ended July 18, 2020. Initials claims for the week ended July 25 amounted to 1,434,000, while the 4-week moving average was 1,3668,500, a growth of 6,500 from the prior week. The report hints that economic
Date: July 30, 2020 QWI Investments Limited, for the nine months ended June 2020, reported losses from investment activities of $521.86 million. For the quarter, gain from investment activities of $100.44 million (2019: $120.97 million). Unrealized currency translation and dividend income closed the period under review at $8.26 million and $19.74 million, respectively. While, for
July 30, 2020 U.S. real gross domestic product (GDP) contracted 32.9% for the second quarter of 2020, subsequent to a 5% decline for the first three months of 2020 as the economy experienced a nose-dive in activity. Current-dollar GDP for the second quarter declined $2.15 trillion or 34.3% to 19.41 trillion, compared to a
July 29, 2020 monetary20200729a1 The Federal Reserve announced its decision to hold interest rates steady as economic activity, sharp declines and employment remain below their levels at the beginning of the year. Despite some uptick in recent months, the coronavirus outbreak has caused widespread human and economic hardship across the United States and around the
Date: July 29, 2020 Lasco Manufacturing Limited (LASM) for the three months ended June 30, 2020 recorded an increase of 3% in total revenue to total $1.85 billion, relative to the $1.79 billion recorded for the comparable period in 2019. Cost of sales amounted to $1.13 billion (2019: $1.12 billion) for the quarter, a marginal
July 28, 2020 According to the latest report provided by the Eurostat, in the first quarter of 2020, household real consumption per capita fell by 3% in the euro area, while the previous quarter decreased by 0.4%. Additionally, Eurostat noted that, “this movement was due to the COVID19 containment measures implemented by Member States in
July 24, 2020 The U.S. direct investment abroad position or cumulative level of investment rose $158.6 billion to $5.96 trillion at the end of 2019 from $5.80 trillion at the end of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The increase was attributable to a $95.7 billion rise in the
