Bank of Jamaica announces its decision to maintain the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) at 2.75 per cent. This policy stance reflects the Bank’s assessment that headline inflation for the next eight quarters should remain within the target of 4.0 per cent to 6.0 per cent, with
March 27, 2018 Based on data from Eurostat, the statistical office of the European Union, the United States and China are the two main trading partners of the European Union (EU). “ In 2017, the United States (€631 billion, or 16.9% of total EU trade in goods) and China (€573 bn, or 15.3%) continued to
March 23, 2018 Unemployment rates were lower in February for 7 states and stable in the remaining 43 states and the District of Columbia, based on data released by the U.S. Bureau of Labor Statistics. Fifteen states had jobless rate decreases from a year earlier, while 35 states along with the District had little or
Brent Oil Brent oil prices increased by 6.02% or US$3.92, as prices rose this week. Oil traded on March 22, 2018 at a price of $69.04 per barrel relative to US$65.12 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increase week over week, by 2.40% (JMD$2.89). Additionally
March 22, 2018 U.S. Bureau of Labor Statistics reported on March 20,2018 that employer costs for employee compensation averaged $35.87 per hour worked in December 2017. Wages and salaries averaged $24.49 per hour while benefit costs averaged $11.38.The average compensation for state and local government is higher than that of private industry. Total employer compensation
March 21, 2018 Based on data collected by The Federal Reserve since the Federal Open Market Committee met in January indicates that the US economy has shown improvement with activity on the rise. Labor market continued to strengthen while economic activity has risen at a moderate rate. Unemployment rate stayed low in recent months. Data
March 19,2018 Please click below to view February 2018's Economic Review. Monthly Economic Review - February 2018 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the
March 19, 2018 Production in the construction sector decreased by 2.2% in the euro area (EA19) and by 2.1% in the EU28, in January 2018 compared with December 2017 according to Eurostat, the statistical office of the European Union. In December 2017, production in construction grew by 0.7% in the euro area and by 1.0%
March 16, 2018 The inflation for the month of February 2018 decreased 0.1% following a negligible movement in January 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month moved to 248.3 relative to the 248.6 reported for January 2018. This decline was largely attributed to the movement in
Brent Oil Brent oil prices increased by 1.93% or US$1.23, as prices rose this week. Oil traded on March 15, 2018 at a price of $65.12 per barrel relative to US$63.89 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.22% (JMD$0.27).
