Economic Highlights
Date: April 17, 2019 Consumer Price Index – March 2019 The consumer price index for the month of March 2019 recorded an inflation rate of 0.8%, following a 0.1% increase in its index for February 2019, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of March rose to
Brent Oil Brent oil prices increased by 2.10% or US$1.46, as prices increased this week relative to the prior week. Oil traded on April 11, 2019 at a price of US$70.86 per barrel relative to US$69.40 on April 04, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices increased
Date: April 8, 2019 Net International Reserves- March 2019 Jamaica’s Net International Reserves (NIR) totaled US$3,084.83 million as at March 2019, reflecting an increase of US$77.34 million relative to the US$3,007.49 million reported as at the end of February 2019 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$68.34
Date: April 8, 2019 United States: ‘Moment of Truth’ Arrives for U.S. Stocks After Fed-Fueled Rally It’s “gut check” time for U.S. equity investors as the pivot from a Fed-fueled rally back to the foggy fundamentals looms, according to Morgan Stanley. “The moment of truth may be arriving with first-quarter earnings results,’’ Michael Wilson, the
Brent Oil Brent oil prices increased by 3.77% or US$2.53, as prices increased this week relative to the prior week. Oil traded on April 04, 2019 at a price of US$69.72 per barrel relative to US$67.82 on March 28, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices increased
Date: April 03, 2019 For the period of April 2018 to February 2019, the GOJ reported Total Revenues & Grants of $545.02 billion, $8.16 billion more than the Government’s projection. Year over year, this represents an increase of approximately 14.5% relative to the $476.14 billion recorded for the corresponding period in 2018. ‘Tax Revenue’ outperformed
Date: April 02, 2019 According the Statistical Institute of Jamaica, “the Jamaican economy grew by 2.0 percent during the fourth quarter of 2018 when compared to the corresponding quarter of 2017. This growth was attributed in both the Services Industries and the Goods Producing Industries of 1.0 percent and 4.0 percent respectively.” Growth was achieved
Date: March 29, 2019 This report combines estimates for January and February 2019, due to the recent partial government shutdown. February estimates are limited to personal income while January estimates include both personal income and outlays measures. Estimates of outlays for February will be available with the next release on April 29, 2019. Personal Income
Brent Oil Brent oil prices decreased by 1% or US$0.67, as prices increased this week relative to the prior week. Oil traded on March 28, 2019 at a price of US$67.19 per barrel relative to US$67.86 on March 21st, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices increased
Date: March 27, 2019 Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight balances1 at Bank of Jamaica) by 25 basis points to 1.25 per cent. The decision to lower the policy rate is aimed at supporting inflation returning to and remaining on target (4.0 per cent
