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%
February 24, 2020 During the period January to November 2019 the Jamaica’s imports amounted US$5,905.5 million increasing by 3.9% relative to US$5,682.4 million for the corresponding period in 2018 based on data released by the Statistical Institute of Jamaica (STATIN). Revenue from total exports totalled US$1,462.1 million for the period under review, a decline of
February 20, 2020 Brent Oil Brent oil prices increased by 5.27% or US$2.97, as prices rose this week relative to the prior week. Oil traded on February 20, 2020 at a price of US$59.31 per barrel relative to US$56.34 on February 13, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
Date: February 20, 2020 Monthly Economic Review - January 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,
Date: February 19, 2020 USA Economic Review -January 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,
February 19, 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) at 0.50 per cent per annum, effective Thursday, 20 February 2020. The Bank sets its policy interest rate so as to ensure that the yearly rate
February 19, 2020 The consumer price index for January 2020 was 267.5 resulting in an inflation rate of -1.1%, according to the Statistical Institute of Jamaica (STATIN). This downward movement was largely attributed to the decreases in the division of ‘Food and Non-Alcoholic Beverages’ by 1.4% and ‘Housing, Water, Electricity, Gas and Other Fuels’ by
February 13, 2020 Brent Oil Brent oil prices increased by 2.55% or US$1.40, as prices fell this week relative to the prior week. Oil traded on February 13, 2020 at a price of US$56.33 per barrel relative to US$54.93 on January 30, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
February 10, 2020 Total nonfarm payroll employment increased by 225,000 in January, as the rate of unemployment was little changed at 3.6%, as stated by the U.S. Bureau of Labour Statistics. Construction, health care, and transportation and warehousing reported job gains. Construction increased in January (+44,000) as the segment added an average of 12,000 jobs
February 10, 2020 Jamaica’s Net International Reserves (NIR) totaled US$3,094.25 million as at January 2020, reflecting a decrease of US$68.29 million relative to the US$3,162.54 million reported as at the end of December 2019 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$70.28 million to total US$3,560.81 million compared
