In December 2019, the euro area annual inflation rate was 1.3%, compared to 1.0% in November. Compared to the previous year, the rate was 1.5%. Additionally, the European Union annual inflation was reported at 1.6% in December 2019, compared to 1.3% in November. Compared to the previous year, the rate was 1.6% according to the
January 16, 2020 The consumer price index for the month of December 2019 increased by 0.5%, following a 1.3% increase in its index for November 2019, according to the Statistical Institute of Jamaica (STATIN). This movement was largely attributed to the upward movements in the division of ‘Food and Non-Alcoholic Beverages’ by 0.5% and ‘Housing,
January 15, 2020 Express Catering Limited (ECL) for the six months ended November 30, 2019 reported a 9% increase in revenue to US$7.81 million (2018: US$7.18 million). Revenue for the quarter advanced 5% to close at $3.28 million relative to $3.12 million reported the previous year. According to Management, “This is quite favourable, with the
January 14, 2020 Paramount Trading (Jamaica) Limited for the six months ended November 30, 2019 recorded a slight 3% decrease in total revenues to $768.22 million from $795.54 million reported in 2018. For the quarter, revenues rose 8% to close at $407.64 million (2018: $378.46 million). Direct expenses closed the period at $537.09 million relatively
January 14, 2020 AMG Packaging Paper Company Limited (AMG), for the three months ended November 30, 2019, recorded Turnover in the amount of $191.60 million, a decline of 10% when compared to $213.92 million booked the previous year’s corresponding quarter. Cost of Inventories totalled $108.80 million, a decrease of 16% relative to $130.18 million booked
January 13, 2020 Real GDP in the third quarter of 2019 increased for 49 states and the District of Columbia. According to the U.S. Bureau of Economic Analysis (BEA), “the percent change in real GDP in the third quarter ranged from 4.0% in Texas to 0.0% in Delaware.” The leading contributors to growth in real
January 13, 2020 KLE Group, franchisers of the world renowned international fast-casual dining restaurant, Usain Bolt’s Tracks & Records, has recently acquired full ownership of all its local franchises across Jamaica. The most recent acquisition is of the Montego Bay franchise which was owned by prominent Hotelier and Businessman, Christopher Issa. The acquisition came after
January 10, 2020 Total nonfarm payroll employment increased by 145,000 in December, as the rate of unemployment stood constant at 3.5%, as stated by the U.S. Bureau of Labour Statistics. Retail trade and health care reported job gains while mining lost jobs. Retail trade increased in December (+41,000) as the segment added a total of
January 09, 2020 According to the latest report published by the Statistical Office of the European Union (Eurostat), “the euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in November 2019 relative to October 2019 and down from 7.9% in November 2018.” Notably, since July 2008, this is the lowest rate recorded in the euro area.
January 08, 2020 Jamaica’s Net International Reserves (NIR) totaled US$3,162.53 million as at December 2019, reflecting an increase of US$56.67 million relative to the US$3,105.87 million reported as at the end of November 2019 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$49.25 million to total US$3,631.09 million compared
