Economic Highlights

11 10, 2017

U.S. Job Openings and Labor Turnover Summary – August 2017


The Bureau of Labor Statistics released its August 2017 summary of job openings and labor turnover earlier today.  As at August 31st, there were 6.1 million job openings. According to the Bureau of Labor Statistics, the job openings rate was 4% in August, while the number of job openings was little changed for total private

18 09, 2017

Consumer Price Index- August 2017


The inflation rate for the month August 2017 was 0.3%, following an upward movement of 0.6% in July 2017. The division which recorded the highest movement for the month was ‘Recreation and Culture’ with a 1.3% growth, while the index for ‘Food and Non-Alcoholic Beverages’ advanced by 0.6%. STATIN reported that the increase in ‘Recreation

31 08, 2017



The Planning Institute of Jamaica (PIOJ) Review of Economic Performance April – June 2017 According to the PIOJ, real GDP grew by 0.3% relative to the comparative quarter in 2016. This was attributed to an estimated increase of 1.2% in the Services Industry, which outweighed a 2.5% decline in the Goods Producing Industry. Within the

29 08, 2017

Producer Price Index: June 2017


The Producer Price Index for both the “Mining and Quarrying” and “Manufacturing” industries improved 1% and 0.1% respectively for the month of June 2017. The growth was attributed to the heaviest weighted group ‘Food, Beverages and Tobacco’ which rose 0.1%. Despite this increase, the movement was tempered by a decline in the Refined Petroleum Products’

24 08, 2017

Bank of Jamaica Reduces Policy Interest Rate


Bank of Jamaica announces that, with effect from 25 August 2017, the rate offered on overnight placements with the Bank, the policy interest rate, will be reduced to 3.50 per cent from 3.75 per cent. The adjustment to the policy rate reflects the Bank’s assessment that inflation will be within BOJ’s inflation target of 4.0

19 07, 2017

U.S. import and export prices index dips for June 2017


U.S. All import prices slid 0.2% in June, the second consecutive decline driven by lower fuel prices.  Although there was a recorded decline in June, U.S. imports increased 1.5% over the previous 12 months according to the Bureau of Labor Statistics (BLS). The price index for fuel imports declined for the fourth month in a

3 07, 2017

BOJ Credit Condition Survey


BOJ Credit Condition Survey According to the Bank of Jamaica (BOJ), Credit Condition Survey revealed heightened competition in the banking sector arising from the conversion of Jamaica National Building Society to a commercial bank on February 01, 2017. The effect of the conversion lowered the weighted average lending rate to 14.98% from 16.21% in December

29 06, 2017

Gas Price Movement June 29, 2017


Please click below to view Gas Price Movement . Gas Price Movement June 29,2017 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 contents of this

27 06, 2017

IMF Reduces U.S. Outlook for 2017


The International Monetary Fund reduced its outlook on the world biggest economy, the United States, to 2.1% from 2.3% in its World Economic Outlook in April 2017. The outlook is clouded by important medium-term imbalances according to the Fund. The IMF highlighted that the economic model is not working as well as it could in

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