September 09, 2020 The PIOJ presented the preliminary estimates on economic performance for quarter the April to June 2020 quarter. The following were noted: Overview of Real Industry Developments For April to June 2020, real GDP fell by an estimated 18.0% relative to the corresponding quarter of 2019. The Goods Producing and Services Industries contracted by
September 8, 2020 Jamaica’s Net International Reserves (NIR) totaled US$2,759.39 million as at August 2020, reflecting a increase of US$1.03 million relative to the US$2,758.36 million reported at the end of July 2020 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$5.09 million to total US$3,745.18 million compared
September 7, 2020 Eurostat reported that, in June 2020 due to Covid-19 the European Union (EU) total services sector decreased by 16.4% relative to February 2020 and of this the tourism services sector declined by 75%. Eurostat noted, “Among the detailed sectors within the tourism sector, travel agencies and tour operators fell the most (-83.6%),
September 3, 2020 Goods and Services Trade Deficit The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised.” July exports ($168.1 billion), were more than June exports by $12.6 billion, whereas, July imports amounted to $231.7 billion which was $22.7 billion
September 3, 2020 The seasonally adjusted initial claims, advance estimate, fell to 881,000, a decrease of 130,000 for the week ending August 29 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,011,000 from 1,006,000 up by 5,000. In comparison to the previous week’s average, the 4-week
September 02, 2020 Unemployment rates trended upward for the month of July in all 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 7 areas had jobless rates of less than 10.0 %, and 16 areas had rates of at least 20.0%.” Non-farm payroll employment fell in
September 2, 2020 Government Operations Results for July 2020 For the period of April to July 2020, the GOJ reported Total Revenues & Grants of $161.75 billion, $9.61 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 5.1% relative to the $153.85 billion recorded for the corresponding period
September 01, 2020 In August 2020, a month marked by the continued lifting of COVID-19 containment measures, the Euro area annual inflation rate is anticipated to be -0.02%, a decrease from 0.4% in July, based on a flash estimate from the statistical office of the European Union (Eurostat). The largest contribution to the euro area
August 28, 2020 In July, personal income rose $70.5 billion (0.4%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $39.9 billion (0.2%) and personal consumption expenditures (PCE) rose $267.6 billion (1.9%). Real DPI declined 0.1% in July, and Real PCE rose 1.6%. The PCE price
August 27, 2020 The seasonally adjusted initial claims, advance estimate, rose to 1,006,000, a decrease of 98,000 for the week ending August 22 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,104,000 from 1,106,000 down by 2,000. In comparison to the previous week’s average, the 4-week moving
