March 26, 2020 Ladies and gentlemen, good morning. Bank of Jamaica today announces its decision to maintain its highly accommodative monetary policy stance by holding the policy rate unchanged at 0.50 per cent per annum. The policy rate is the rate offered to deposit taking institutions on overnight placements with Bank of Jamaica.
March 24, 2020 In 2019, state personal income rose 4.4% relative to a 5.6% increase in 2018 in the U.S. according to estimates released by Bureau of Economic Analysis (BEA). The BEA also noted, “The percent change in personal income across all states ranged from 6.1% in Colorado to 2.8 percent in West Virginia.” Meanwhile,
March 20, 2020 Unemployment rates trended downward for the month of January in 292 of the 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), this was, “higher in 77 areas, and unchanged in 20 areas.” Jobless rates lower than 3% were recorded in 51 areas while 4 areas posted
March 19, 2020 Brent oil prices Brent oil prices decreased by 14.69% or US$4.88, as prices fell this week relative to the prior week. Oil traded on March 19, 2020 at a price of US$28.34 per barrel relative to US$33.22 on March 12, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices
March 19, 2020 Seasonally adjusted production in the construction sector rose by 3.6% in the euro area (EA19) and increased by 3.9% in the EU27 for January 2020 compared with December 2019. According to Eurostat’s first estimates stated in December 2019, “production in construction fell by 1.8% in the euro area and by 1.7% in
Date: March 17, 2020 USA 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 was, is,
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
