August 19, 2020 Consumer Price Index – July 2020 The consumer price index for July 2020 was 105.7 resulting in an inflation rate of 0.5% increase when compared to previous month’s 105.2 price index, according to the Statistical Institute of Jamaica (STATIN). This increase was as result of, ‘Food and Non- Alcoholic Beverages’, the heaviest
August 18, 2020 Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum, effective Wednesday, 19 August 2020. Bank of Jamaica’s monetary policy decisions are aimed at ensuring that the annual increase in the prices
August 14, 2020 The seasonally adjusted initial claims, advance estimate, fell to 963,000, a decrease of 228,000 for the week ending August 8 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,191,000 from 1,186,000 up by 5,000. In comparison to the previous week’s average, the 4-week moving average was 1,252,750,
Net International Reserves- July 2020 Jamaica’s Net International Reserves (NIR) totaled US$2,758.36 million as at July 2020, reflecting a decrease of US$190.90 million relative to the US$2,949.26 million reported at the end of June 2020 (see figure 1). Changes in the NIR resulted from an decrease in Foreign Assets of US$164.93 million to total US$3,740.09
August 7, 2020 The seasonally adjusted initial claims, advance estimate, fell to 1,186,000, a decrease of 249,000 for the week ending August 1 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,435,000 from 1,434,000 up by 1,000. In comparison to the previous week’s average, the 4-week moving average was 1,337,750,
Date: August 5, 2020 Net Interest Income increased by 28%, relative to the corresponding period in 2019, to total $41.54 billion (2019: $32.36 billion). The movement according to management was due to, “the consolidation of a full nine months of GHL’s results.” For the quarter, Net Interest Income improved 10% to close at $13.56 billion
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
