Economic Highlights
Date: July 18, 2019 Total employed labour force increased by 29,900, in April 2019 compared to April 2018, with the unemployment rate amounting to 7.8% as stated by the Statistical Institute of Jamaica (STATIN). Of the 29,900 increase in the labour force, employment of males rose by 18,200 primarily in ‘Construction’ and ‘Other Community, Social
Date: July 16, 2019 June’s import prices declined 0.9%, according to the U.S. Bureau of Labor Statistics latest report released. This decease was mostly attributable to the falling prices for both fuel and nonfuel imports. Nonetheless, export prices fell 0.7% in June relative to a 0.2% decrease the previous month. Prices for import fuel dropped
Date: July 15, 2019 June’s Producer Price Index for final demand recorded a 0.1% increase, seasonally adjusted, according to the U.S. Bureau of Labor Statistics (BLS) report released on July 12, 2019. Final demand prices moved up 0.1% in May and 0.2% in April. This movement was mainly attributable to a 0.4% increase in the
Date: July 15, 2019 Victoria Mutual Investments Limited (VMIL) has advised that at a meeting of the Board of Directors scheduled to be held on July 29, 2019 an interim dividend payment will be considered. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness
Date: July 11, 2019 Brent Oil Brent oil prices increased by 5.67% or US$3.59, as prices increased this week relative to the prior week. Oil traded on July 11, 2019 at a price of US$66.89 per barrel relative to US$63.30 on July 04, 2019. Brent oil began the year at US$53.80 per barrel. Petrojam prices
Date: July 11, 2019 The Consumer Price Index for All Urban Consumers (CPI-U) recorded a 0.1% increase in June on a seasonally adjusted basis, the same increase as in May according to the U.S. Bureau of Labor Statistics report released today. Over the last 12 months, the all items index increased 1.6% before seasonal adjustment.
Date: July 8, 2019 Jamaica’s Net International Reserves (NIR) totaled US$3,035.31 million as at June 2019, reflecting a decline of US$39.02 million relative to the US$3,074.33 million reported as at the end of May 2019 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$42.04 million to total US$3,537.33 million
Date: July 03, 2019 For the period of April to May 2019, the GOJ reported Total Revenues & Grants of $93.60 billion, $2.31 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 10.7% relative to the $84.59 billion recorded for the corresponding period in 2018. ‘Tax Revenue’ and
Date: June 27, 2019 Please see attached Monthly Economic Review. Monthly Economic Review - May 2019 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents
Date: June 27, 2019 Brent Oil Brent oil prices increased by 1.63% or US$1.05, as prices increased this week relative to the prior week. Oil traded on June 27, 2019 at a price of US$65.50 per barrel relative to US$64.45 on June 20, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices
