April 19, 2022 In March 2022, the number of commercial flights in the EU increased by 156% compared with March 2021. However, this is still below the pre-pandemic levels (-27% compared with March 2019). In absolute terms, the number of commercial flights stood at 389,181 in March 2022, compared with 151,986 in March 2021, 296,362 in March
United States: U.S. Housing Starts Unexpectedly Rise to Fastest Pace Since 2006 “New U.S. home construction rose unexpectedly in March to the highest level since 2006, boosted by multifamily projects as builders seek to replenish housing inventory. Residential starts climbed 0.3% last month to a 1.79 million annualized rate from an upwardly revised February figure,
April 13, 2022 Just as the postage stamp became less relevant with the arrival of the internet and email, so too could cash lose relevance in a digital economy. The use of cash in payments is declining as people increasingly prefer to pay digitally and shop online. In the euro area, half of consumers now
April 13, 2022 The Consumer Price Index for All Urban Consumers (CPI-U) rose 1.2% for March 2022, on a seasonally adjusted basis, according to U.S. Bureau of Labour Statistics (BLS) after a 0.8% increase in February. The all-items index rose 8.5% before seasonal adjustment over the last year to an index level of 287.504 (1982-84=100).
April 11, 2022 The Russian invasion of Ukraine is a watershed for Europe. The Governing Council expresses its full support to the people of Ukraine. It will ensure smooth liquidity conditions and implement the sanctions decided by the European Union and European governments. The Governing Council will take whatever action is needed to fulfil the
April 08, 2022 BOJ has reported that Jamaica’s Net International Reserves as at March 31, 2022 amounted to US$3,675.85 million, reflecting an increase of US$86.53 million relative to the US$3,589.32 million reported at the end of February 2022. Foreign Assets totalled US$4,323.66 million, US$64.03 million more than the US$4,259.63 million reported in February 2022. ‘Currency
April 6, 2022 According to Eurostat’s recent report, the EU fourth quarter of 2021, seasonally adjusted current account balance recorded a surplus of €49.6 billion, which is 1.3% of GDP. This represents a decrease of €20 billion, from the third quarter surplus of €69.6 billion, which was 1.9% of the GDP. Also, €75.8 billion less
April 6, 2022 Government Operations Results for February 2022 For the period of April 2021 to February 2022, the GOJ reported Total Revenues & Grants of $602.59 billion, $12.93 billion less than the Government’s projection. This represented an increase of approximately 22.9% relative to the $490.16 billion recorded for the corresponding period in 2021. ‘Non-Tax
United States: U.S. Inflation-Adjusted Spending Falls as Prices Temper Demand “U.S. inflation-adjusted consumer spending declined in February, suggesting the fastest pace of price increases in four decades is starting to temper demand. Purchases of goods and services, adjusted for changes in prices, fell 0.4% from the prior month, following a 2.1% jump in January, according
March 30, 2022 According to the Bureau of Economic Analysis, bea) “Third” estimate, real gross domestic product (GDP) increased at an annual rate of 6.9% in the Fourth quarter of 2021. Real GDP increased by 2.3% in the third quarter. The GDP estimate released today is based on more complete source data than were available
