Economic Highlights
Date: August 5, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2019, compared with May 2019, industrial producer prices fell by 0.6% in both the euro area (EA19) and EU28.” However, in May 2019, industrial producer prices declined by 0.1% in the euro area while
Date: August 02, 2019 For the period of April to June 2019, the GOJ reported Total Revenues & Grants of $153.85 billion, $2.89 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 9.4% relative to the $140.68 billion recorded for the corresponding period in 2018. ‘Tax Revenue’ and
July 31, 2019 Based on information collected since the Federal Open Market Committee (FOMC) met in June 2019, the findings alluded to a strong labour market with a moderate rise in economic activity. Solid job gains were reported in recent months while the unemployment rate remained subdued. However the growth of business fixed investment
Date: July 30, 2019 In June, personal income rose $83.6 billion (0.4%) according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $69.7 billion (0.4%) and personal consumption expenditures (PCE) grew $41.0 billion (0.3%). Real DPI rose 0.3% in June and Real PCE climbed 0.2%. The PCE price index
Date: July 26, 2019 Real gross domestic product (GDP) grew for the second quarter of 2019 at an annual rate of 2.1%, based on the "advance" estimate released by the Bureau of Economic Analysis (BEA). The first quarter of 2019 real GDP yielded an increase of 3.1%. According to BEA, the first estimate, released today,
Date: July 26, 2019 The Producer Price Index for the Mining and Quarrying industry posted a decline by 0.5% for June 2019. The movement was a result of the major group, ‘Bauxite Mining & Alumina Processing’ which experienced a similar decline of 0.05% according to Statistical Institute of Jamaica (STATIN). The Manufacturing industry slid 1.5
Date: July 25, 2019 Real GDP in the first quarter of 2019 increased in all 50 states and the District of Columbia. According to the U.S. Bureau of Economic Analysis (BEA), “The percent change in real GDP in the first quarter ranged from 5.2 % in West Virginia to 1.2 % in Hawaii.” The
Date: July 24, 2019 Gross job gains from opening and expanding private-sector, from September 2018 to December 2018, amounted to an increase of 281,000 jobs from the previous quarter to 7.7 million according to the Bureau of Labour Statistics. It was also noted that gross job losses from closing and contracting private-sector establishments booked 6.9
Date: July 22, 2019 The leading contributors to the increase in U.S. economic growth in the first quarter of 2019 were Finance and insurance; retail trade; and health care and social assistance. According to The U.S. Bureau of Economic Analysis (BEA), “16 of 22 industry groups contributed to the overall 3.1 percent increase in real
Date: July 19, 2019 The Bureau of Labour Statistics reported today that, “unemployment rates were lower in June in 6 states and stable in 44 states and the District of Columbia.” Last year, there were three states with jobless rate decreases and the District had little or no change. Whereas, the national unemployment rate, 3.7%,
