Economic Highlights
July 19, 2023 According to the statistical office of the European Union (Eurostat), in June 2023, the Euro area annual inflation rate was 5.5%, down from 6.1% reported in May 2023. The prior year’s rate was 8.6%. Annual inflation in the European Union was 6.4% in June 2023, down from 7.1% in May 2023. A
July 18, 2023 The Statistical Institute of Jamaica (STATIN) reported that the All-Jamaica Consumer Price Index (CPI) increased by 6.3% for June 2023 compared to June 2022. However, for the month of June 2023, the inflation rate was +1.0%. The main driver of the monthly increase was a 1.3% rise in the index for
July 14, 2023 The 2023 projected earnings from the bauxite and alumina sector are set to double to US$677 million. This movement will be the highest since the onset of the pandemic, according to the Jamaican government’s annual market filings with the American securities regulator. The reopening of the Jamalco plant in Clarendon and rising
July 13, 2023 According to the statistical office of the European Union (Eurostat), industrial production increased in May 2023 by 0.2% in the euro area (+1.0% from April 2023) and by 0.1% in the EU (+ 0.6% from April 2023). However, Industrial production decreased by 2.2% in the euro area and by 1.8% in the
July 12, 2023 According to the statistical office of the European Union (Eurostat), in June 2023, the euro area annual inflation rate is estimated to decline to 5.5% from the 6.1% reported in May 2023. Food, alcohol & tobacco is expected to have the highest annual rate of 11.7% relative to 12.5% in May
July 10, 2023 BOJ has reported that Jamaica’s Net International Reserves as at June 30, 2023 stood at US$4,283.47 million, reflecting an increase of US$74.74 million when compared to the US$4,208.73 million reported at the end of May 2023. Foreign Assets totalled US$4,786.72 million, US$55.91 million more than the US$4,730.82 million reported in May 2023.
July 10, 2023 According to the U.S. Bureau of Labor Statistics (BLS), the US unemployment rate declined slightly in June to 3.6% and the number of unemployed persons in the US stood at 6.0 million, lower than the 6.1 million reported for May 2023. Since March 2022, the unemployment rate has varied between 3.4%
July 5, 2023 Government Operations Results for May 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 of their
July 3, 2023 The Statistical Institute of Jamaica (STATIN) reported a 4.2% increase in Jamaica's total value added at constant prices in the first quarter of 2023 compared to the same quarter of 2022. Services and Goods Producing Industries grew 5.4% and 1.0%, respectively. The performance was aided by the economy's sustained recovery from the
June 29, 2023 In its third estimate, the Bureau of Economic Analysis revised up the US real GDP growth for the first quarter of 2023. Real GDP is now estimated to have grown at an annual rate of 2% for Q1 2023, up from the 1.3% previously estimated. For Q4 2022, real GDP’s growth
