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
Date: March 03, 2020 For the period of April to December 2019, the GOJ reported Total Revenues & Grants of $519.01 billion, $2.17 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 18.7% relative to the $437.30 billion recorded for the corresponding period in 2018. ‘Tax Revenue’, ‘Capital
March 03, 2020 Based on the Federal Open Market Committee (FOMC) assessment, the U.S. economy remains robust, however the coronavirus poses sprouting risks to activity within the economy. The FOMC lowered the target range for the federal fund rate by 0.5%e point to 1% – 1 ¼% to support achieving its maximum employment and
February 28, 2020 In January, personal income rose by $116.5 billion (0.6%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $30.6 billion (0.2%) and personal consumption expenditures (PCE) grew $101.4 billion (0.6%). Real DPI rose 0.5% in January and Real PCE climbed 0.1%. The PCE
February 27, 2020 Brent Oil Brent oil prices decreased by 14.15% or US$8.39, as prices fell this week relative to the prior week. Oil traded on February 27, 2020 at a price of US$50.92 per barrel relative to US$59.31 on February 20, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
February 25, 2020 The Planning Institute of Jamaica (PIOJ) held their Media Briefing today, discussing the review of the economic performance of Jamaica for the October to December 2019 period. Dr. Wayne Henry, Director General of PIOJ, highlighted the macroeconomic performance for the October-December 2019, mentioning. “real GDP is estimated to have grown by 0.1%
