January 18, 2018 For the third quarter of 2017 compared with third quarter of 2016, the house price index increase by 4.1% in the euro area and by 4.6% in the broader European Union(EU), as reported by Eurostat, the statistical office of the European Union. When compared with the second quarter of 2017, house price
January 18, 2018 Bank of Jamaica announces that effective 18 January 2018 the policy interest rate (the rate offered on overnight placements with the Bank) will be reduced to 3.00 percent from 3.25 percent. This adjustment reflects the Bank’s assessment that inflation for the next eight quarters should remain within the target of 4.0 per
January 17,2018 Activities within the construction sector for the Euro area (EA19) and EU28 increased for November 2017 when compared with October 2017. The latest data by Eurostat, the statistical office of the Eurozone, reflected a marginal uptick in production in construction for the euro area (0.5%) and EU28 (0.6%) respectively for November 2017, when
January 17,2018 Business Confidence Index Business Expectation is at its second highest level since the start of the study in 2001. The Jamaica Chamber of Commerce(JCC) index for Business Confidence in the fourth quarter of 2017 rose to a high of 142.6 from 135.2 recorded in the third quarter of 2017. The Business Confidence index
January 16, 2018. The inflation rate for the month December 2017 inched up to 0.6%, following an upward movement of 0.6% in November 2017, bringing the 2017 calendar year inflation rate to 5.2% according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month rose from 247.3 in November 2017 to
January 16, 2018 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported recently. Over the last 12 months, the all items index rose 2.1% before seasonal adjustment. An increase of 0.4% in the shelter index was responsible for approximately
Asia: Xi Jinping’s Debt Clampdown Has Left a Trail of Dead Projects A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Central China, before it fell victim to President Xi Jinping’s debt
Date: January 15,2018 Household saving rate which is a necessary source of funds for both the Government and the private sector has remain stable in the Euro area for the third quarter of 2017, as reported by the statistical office of European Union, Eurostat. This fact coincides with a reduction in business investment within the
The Eurostat- the statistical office of the Eurozone reported an unemployment rate for November 2017 for the Euro area (EA19) of 8.7%. This represent a slight decrease from the preceding October 2017 unemployment rate of 8.8%, and a 1.1% fall from the corresponding period of November 2016, when unemployment rate was a high of 9.8%.
The statistical office of the European Union has estimated a decrease in annual inflation for the region for December 2017. A recent release by Eurostat states that the statistical office is expecting inflation to fall from 1.5% in November to 1.4% in December. A further break down of the components of inflation reveals that energy
