Economic Highlights – Page 30 – Mayberry Investments Limited

12 10, 2023

IMF lowers Jamaica’s growth forecast

Shaneille Anderson2023-10-12T09:44:42-05:00

October 12, 2023 The forecast of Jamaica’s growth for 2023 has been cut by the International Monetary Fund (IMF) as depicted in its ‘World Economic Outlook’ October 2023 publication. This resulted from the global long-term consequences of the pandemic, the war in Ukraine, and increasing geoeconomic fragmentation. Additionally, the effects of monetary policy tightening necessary

IMF lowers Jamaica’s growth forecastShaneille Anderson2023-10-12T09:44:42-05:00

11 10, 2023

Net International Reserves – September 2023

Joel Thomas2023-10-11T09:17:58-05:00

October 11, 2023 BOJ has reported that Jamaica's Net International Reserves as at September 30, 2023 stood at US$4,716.57 million, reflecting a increase of US$324.46 million when compared to the US$4,392.10 million reported at the end of August 2023. Foreign Assets totalled US$4,846.60 million, US$308.48 million more than the US$4,538.13 million reported in August 2023.

Net International Reserves – September 2023Joel Thomas2023-10-11T09:17:58-05:00

9 10, 2023

U.S. unemployment rate holds steady at 3.8% in September 2023

Joel Thomas2023-10-11T09:12:49-05:00

October 06, 2023 In September, the U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 336,000 jobs, surpassing the average monthly gain of 267,000 over the past year. Key sectors that experienced job growth included leisure and hospitality (+96,000), government (+73,000), health care, professional, scientific, and technical services, and social assistance.

U.S. unemployment rate holds steady at 3.8% in September 2023Joel Thomas2023-10-11T09:12:49-05:00

4 10, 2023

Tourism earnings grew to US$1 billion for Q3 2023

Shaneille Anderson2023-10-04T12:18:43-05:00

October 4, 2023 The Minister of Tourism Edmund Bartlett disclosed that the tourism sector recorded another notable quarter of growth. According to the Jamaica Observer, The Minister quoted preliminary figures from the Jamaica Tourist Board (JTB), noting, "the economic performance figures for the third quarter of the year show that Jamaica continues to shine as

Tourism earnings grew to US$1 billion for Q3 2023Shaneille Anderson2023-10-04T12:18:43-05:00

3 10, 2023

Government Operations Results for August 2023

Coleeann Hutchinson2023-10-03T12:05:17-05:00

October 3, 2023 Government Operations Results for August 2023 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part

Government Operations Results for August 2023Coleeann Hutchinson2023-10-03T12:05:17-05:00

2 10, 2023

Gross Domestic Product (GDP) grew by 2.3% for Q2 2023

Shaneille Anderson2023-10-02T10:37:49-05:00

October 2, 2023 The Statistical Institute of Jamaica (STATIN) reported a 2.3% increase in Jamaica's total value added at constant prices in the second quarter of 2023 compared to the same quarter of 2022. Services and Goods Producing Industries grew 2.2% and 2.6%, respectively. The performance reflected the economy's sustained recovery from the adverse effects

Gross Domestic Product (GDP) grew by 2.3% for Q2 2023Shaneille Anderson2023-10-02T10:37:49-05:00

2 10, 2023

BOJ holds Policy Interest Rate at 7%

Shaneille Anderson2023-10-02T09:49:01-05:00

October 2, 2023 The Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) unanimously agreed to maintain the policy interest rate at 7%. This should maintain tight Jamaican dollar liquidity enable stability in the foreign exchange market. The Committee’s decision is intended to ensure that the country’s inflation rate continues to trend downward to the

BOJ holds Policy Interest Rate at 7%Shaneille Anderson2023-10-02T09:49:01-05:00

21 09, 2023

Bank of England maintains the bank rate at 5.25%

Michael Phang2023-09-21T12:34:36-05:00

September 21, 2023 The Bank of England’s Monetary Policy Committee (MPC) at its meeting ended September 20, 2023 voted to maintain the Bank Rate at 5.25%, as opposed to increasing the bank rate to 5.5%. The MPC also decided to reduce the stock of UK government bond purchases by 100 billion pounds to a total

Bank of England maintains the bank rate at 5.25%Michael Phang2023-09-21T12:34:36-05:00

21 09, 2023

Monthly Economic Review – August 2023

Coleeann Hutchinson2023-10-20T11:35:36-05:00

September 21, 2023 Monthly Economic Review - August 2023 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part

Monthly Economic Review – August 2023Coleeann Hutchinson2023-10-20T11:35:36-05:00

20 09, 2023

UK’s inflation rate was 6.7% in August 2023

Michael Phang2023-09-20T11:33:27-05:00

September 20, 2023 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 6.3% in the 12 months to August 2023, down from 6.4% in July. The Consumer Prices Index (CPI) rose by 6.7%, down from 6.8% in July. On a monthly basis, CPIH rose

UK’s inflation rate was 6.7% in August 2023Michael Phang2023-09-20T11:33:27-05:00