Date: March 17, 2020 The consumer price index for February 2020 was 269.5 resulting in an inflation rate of 0.7%, according to the Statistical Institute of Jamaica (STATIN). This upward movement was largely attributed to a 9.2% increase in the division of ‘Housing, Water, Electricity, Gas and Other Fuels’. However, the overall movement in the
Date: March 17, 2020 Monthly Economic Review - February 2020 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
Date: March 16, 2020 Main Events Entertainment Group, for the three months ended January 2020, reported revenues of $598.14 million, 31% higher than the $457.69 million booked in 2019. Management attributed the performance to, “strong growth in all areas of our business.” Cost of Sales increased 25% to close at $325.46 million (2019: $260.57 million),
March 16, 2020 The coronavirus outbreak to date has disrupted economic activity in many countries, harmed many communities and affected global financial conditions also. The U.S. economy entered this challenging period on a solid foundation. The labour market has strengthened through February as economic activity gained momentum at a modest rate according to data
March 13, 2020 February’s import prices fell 0.5%, according to the U.S. Bureau of Labor Statistics after rising 0.1% the previous month. This decline was mostly attributable to the falling prices in fuel imports which more than offset the higher prices in non-fuel imports. Nonetheless, export prices decreased 1.1% in February relative to a 0.6%
March 12, 2020 Brent Oil Brent oil prices decreased by 34.27% or US$17.13, as prices fell this week relative to the prior week. Oil traded on March 12, 2020 at a price of US$32.86 per barrel relative to US$49.99 on March 05, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
Date: March 09, 2020 Jamaica’s Net International Reserves (NIR) totaled US$3,131.28 million as at February 2020, reflecting an increase of US$37.03 million relative to the US$3,094.25 million reported as at the end of January 2020 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$35.79 million to total US$3,596.59 million
March 06, 2020 Total nonfarm payroll employment increased by 273,000 in February, as the rate of unemployment was little changed at 3.5%, according to a report by the U.S. Bureau of Labour Statistics. Gains were reported in the following; Health care and social assistance, food services and drinking places, government, construction, professional and technical services,
March 5, 2020 Brent Oil Brent oil prices decreased by 14.21% or US$8.27, as prices fell this week relative to the prior week. Oil traded on March 05, 2020 at a price of US$49.91 per barrel relative to US$58.18 on February 27, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
March 5, 2020 Nonfarm Business Sector Nonfarm business sector labour productivity inched up 1.2% in the fourth quarter of 2019 as output rose 2.4% and hours worked climbed 1.2%. Year over year, the fourth quarter of 2018 to the fourth quarter of 2019, productivity grew 1.8%, resulting in a 2.6% increase in output and a
