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Economic Highlights

20 02, 2019

PIOJ – Quarterly Press Briefing

2019-02-20T21:23:58-05:00

Date: February 20, 2019 The Planning Institute of Jamaica (PIOJ) Quarterly Press Briefing for October-December 2018. Mr. Wayne Henry, Director General for PIOJ, started the press briefing by providing the main highlights of the macroeconomic performance for the October-December 2018 quarter. The following were noted: Overview of Real Industry Developments For October-December 2018, real GDP

PIOJ – Quarterly Press Briefing2019-02-20T21:23:58-05:00
20 02, 2019

Overseas Headlines- February 20, 2019

2019-02-20T14:47:47-05:00

United States: U.S. Push for Stable Yuan May Unwind China's Move Toward Markets President Donald Trump may finally get to deliver on his campaign promise to address China’s management of its currency for what he has insisted is its trade advantage. But it would mean an about-face on almost a decade of global economic policy.

Overseas Headlines- February 20, 20192019-02-20T14:47:47-05:00
19 02, 2019

Overseas Headlines- February 19, 2019

2019-02-19T13:18:04-05:00

United States: Warning Signs Flash for HSBC, Merrill in Emerging Market Rally The backlash to the world’s most-popular trade is underway -- the emerging market rally has now gone too far, according to HSBC Holdings Plc and Bank of America Merrill Lynch. A combination of potentially hawkish Federal Reserve surprises and already stretched performance has

Overseas Headlines- February 19, 20192019-02-19T13:18:04-05:00
18 02, 2019

Consumer Price Index – January 2019

2019-02-18T15:52:43-05:00

Date: February 18, 2019 Consumer Price Index – January 2019 The consumer price index for the month of January 2019 recorded a negative inflation rate of 0.2%, following the 0.1% decline in its index for December 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of January fell

Consumer Price Index – January 20192019-02-18T15:52:43-05:00
18 02, 2019

Overseas Headlines- February 18, 2019

2019-02-18T13:40:41-05:00

United States: Trump Adds to Carmakers’ Woes as Markets Across Planet Fizzle The tariffs that President Donald Trump may impose on vehicles imported to the U.S. would be just the latest kick in the teeth for carmakers battling cooling markets across the planet. Findings of an investigation into whether imported cars could pose a national

Overseas Headlines- February 18, 20192019-02-18T13:40:41-05:00
15 02, 2019

Overseas Headlines- February 15, 2019

2019-02-15T13:22:25-05:00

United States: Xi Hails Important Progress, Says Trade Talks to Resume in U.S. President Xi Jinping said U.S.-China trade talks would continue next week in Washington, as the two sides race to reach a deal that would avert a tariff increase on Chinese goods after March 1. “Negotiations between both sides have achieved important progress

Overseas Headlines- February 15, 20192019-02-15T13:22:25-05:00
14 02, 2019

Gas Price Movement- February 14, 2019

2019-02-14T18:02:08-05:00

Brent Oil Brent oil prices increased by 3.46% or US$2.15, as prices increased this week relative to the prior week. Oil traded on February 14, 2019 at a price of US$64.34 per barrel relative to US$55 on February 14th, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices increased

Gas Price Movement- February 14, 20192019-02-14T18:02:08-05:00
11 02, 2019

Overseas Headlines- February 11, 2019

2019-02-11T13:34:44-05:00

United States: Krugman Sees Possible U.S. Recession With Little Fed Wiggle Room Nobel laureate Paul Krugman said the U.S. economy may be heading into a recession at a time when the Federal Reserve doesn’t have the firepower to properly combat a slump. “There seems to be an accumulation of smaller problems and the underlying backdrop

Overseas Headlines- February 11, 20192019-02-11T13:34:44-05:00
8 02, 2019

Net International Reserves- January 2019

2019-02-08T20:18:11-05:00

Date: February 8, 2019  Net International Reserves- January 2019 Jamaica’s Net International Reserves (NIR) totaled US$3,030.94 million as at January 2019, reflecting an increase of US$25.53 million relative to the US$3,005.41 million reported as at the end of December 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$29.29

Net International Reserves- January 20192019-02-08T20:18:11-05:00
8 02, 2019

Overseas Headlines- February 8, 2019

2019-02-08T13:32:16-05:00

United States: Trump Says He Won’t Meet Xi Jinping Before Tariff Deadline President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce. Trump responded “No” and

Overseas Headlines- February 8, 20192019-02-08T13:32:16-05:00