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Economic Highlights

13 09, 2019

U.S. import prices fall 0.5% while export prices slide 0.6%

2019-09-13T18:12:13-05:00

Date: September 13, 2019 August’s import prices declined 0.5%, according to the U.S. Bureau of Labor Statistics after rising 0.1% the previous month. This decrease was mostly attributable to the falling prices in fuel imports while nonfuel goods remained unchanged. Nonetheless, export prices fell 0.6% in August relative to a 0.2% increase the previous month..

U.S. import prices fall 0.5% while export prices slide 0.6%2019-09-13T18:12:13-05:00
12 09, 2019

Gas Price Movement- September 12, 2019

2019-09-12T18:00:11-05:00

Brent Oil Brent oil prices decreased by 0.97% or US$0.59, as prices decreased this week relative to the prior week. Oil traded on September 12, 2019 at a price of US$60.36 per barrel relative to US$60.95 on September 05, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices decreased

Gas Price Movement- September 12, 20192019-09-12T18:00:11-05:00
9 09, 2019

Seprod continues to seek acquisition opportunities and partnerships

2019-09-09T21:10:05-05:00

Date: September 09, 2019 Seprod yielded a commendable performance for the year ended December 31, 2018, reinforcing the Group’s firm footing to continue on its growth agenda. Revenues increased to $23.55 billion compared to $16.50 billion the prior year, a 43% increase. Moreover, profit was up 64% from $648 million to $1.4 billion in 2018. 

Seprod continues to seek acquisition opportunities and partnerships2019-09-09T21:10:05-05:00
9 09, 2019

Net International Reserves- August 2019

2019-09-09T17:15:21-05:00

Date: September 9, 2019 Net International Reserves- August 2019 Jamaica’s Net International Reserves (NIR) totaled US$2,936.45 million as at August 2019, reflecting a decline of US$14.90 million relative to the US$2,951.35 million reported as at the end of July 2019 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$17.45

Net International Reserves- August 20192019-09-09T17:15:21-05:00
5 09, 2019

U.S. Productivity climbed 2.3% in second-quarter 2019

2020-03-05T14:59:52-05:00

Date: September 5, 2019 Nonfarm Business Sector According to a release from U. S. Bureau of Labor Statistics, “nonfarm business sector labor productivity increased 2.3% in the second quarter of 2019, as output increased 1.9% and hours worked decreased 0.4%.” Year over year, from the second quarter of 2018 to the second quarter of 2019,

U.S. Productivity climbed 2.3% in second-quarter 20192020-03-05T14:59:52-05:00
4 09, 2019

U.S. Goods and Services Deficit was $54.0 billion

2019-09-04T20:35:38-05:00

September 4, 2019 Goods and Services Trade Deficit The U.S. Census Bureau and the U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $54.0 billion in July, down $1.5 billion from $55.5 billion in June.” July exports ($207.4 billion), were more than June exports by $1.2 billion, whereas, July imports were

U.S. Goods and Services Deficit was $54.0 billion2019-09-04T20:35:38-05:00
4 09, 2019

Government Operations Results for July 2019

2019-09-04T17:17:35-05:00

Date: September 4, 2019 Government Operations Results for July 2019 For the period of April to July 2019, the GOJ reported Total Revenues & Grants of $202.06 billion, $3.95 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 10.5% relative to the $182.87 billion recorded for the corresponding

Government Operations Results for July 20192019-09-04T17:17:35-05:00
2 09, 2019

U.S. Personal Income rose $23.9 billion in July

2019-09-02T17:56:20-05:00

Date: September 2, 2019 In July, personal income rose $23.9 billion (0.1%) in the U.S. according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $44.4 billion (0.3%) and personal consumption expenditures (PCE) grew $93.1 billion (0.6%). Real DPI rose 0.1% in July and Real PCE climbed 0.4%. The PCE

U.S. Personal Income rose $23.9 billion in July2019-09-02T17:56:20-05:00
26 08, 2019

PIOJ Press Briefing-: April- June 2019

2019-08-26T20:58:42-05:00

Date: August 26, 2019 Mr. Wayne Henry, Director General for PIOJ in his address to the audience, highlighted the 2017 Poverty Overturn in addition to the perspective on the likelihood of a global recession and how it would affect Jamaica. In regards to Employment Update,  the Director General briefly highlighted that for the month of

PIOJ Press Briefing-: April- June 20192019-08-26T20:58:42-05:00
23 08, 2019

BOJ PRESS RELEASE: BOJ STOPS EXCHANGING THE BERMUDA DOLLAR

2019-08-23T20:52:47-05:00

Date: August 23, 2019 Bank of Jamaica wishes to advise that effective 26 August 2019, it will no longer exchange the Bermuda Dollar at its banking counter. This decision has been taken in a context where the Bank has been unable to repatriate this particular foreign currency. In that regard, after giving value for the

BOJ PRESS RELEASE: BOJ STOPS EXCHANGING THE BERMUDA DOLLAR2019-08-23T20:52:47-05:00