Gross domestic product improved 0.6% in both the euro area (EU19) and the EU28 for the third quarter of 2017 according to an estimated released by Eurostat, the statistical office of the European Union. the growth follows a 0.7% increase recorded for the second quarter of 2017 in both areas. The growth within the
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, advised that the goods and services deficit for October 2017 was $48.7 billion compared to $44.9 billion, up $3.8 billion. Exports for October were $0.1 billion from September to $195.9 billion, while imports were valued at $244.6 billion, up
For the period of April 2017 to September 2017, the GOJ reported Total Revenues & Grants of $262.11 billion, $14.69 billion more than the government’s projection. Furthermore, year over year, this represents an increase of approximately 11.4% relative to the $235.31 billion recorded for the corresponding period in 2016. ‘Tax Revenue,’ ‘Non-Tax Revenue,’ ‘Capital Revenue’
Seasonally adjusted retail trade volume declined 1.1% in the euro area (EA19) and 0.5% in the EU28 for October 2017. This decline follows a 0.8% and 0.2% increase in the euro area (EA19) and EU28 recorded in September 2017 according to estimates from Eurostat, the statistical office of the European Union. The main drivers behind
Industrial producer prices in October 2017 rose 0.4% in the euro area relative to September 2017. The movement was due to a 1.3% climb in the energy sector and a 0.3% growth for intermediate goods. Prices for capital and durable consumer good remained stable, while non-durable goods recorded a 0.2% decline. In the EU28, a
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During the period January to September 2017 the trade deficit worsened to US$3,205.3 million, increasing by US$561.4 million or 21.2% relative to US$2,643.9 million for the corresponding period in 2016 based on data released by the Statistical Institute of Jamaica (STATIN). STATIN highlighted, “Expenditure on imports from the United States of America (Jamaica’s main trading
Salada Foods, recorded a 17% increase in turnover for the quarter to $258.94 million (2016: $221.46 million). Salada Foods’ turnover increased by 14% to $871.73 million for the year end compared to $761.74 million booked in the previous year. The company noted that, “overall sales to the domestic market was consistent throughout the year
At the Annual General Meeting held at the Knutsford Court Hotel Mr. Clive Nicholas acting Chairman welcomed the group present and thanked shareholders for their presence. He introduced his fellow board members He then handed over to Managing Director, Mr. Derrick Derrick Cotterell, to present his overview of the company’s performance. Mr. Cotterell began by highlighting
The Bank of Jamaica (BOJ) announced that the Minister of Finance, The Honourable Minister Audley Shaw, approved a continuous medium term inflation target for the Bank in September 2017. This approval substitutes the annul fiscal year target. The target approved by the Minister is 4% - 6% for the Bank. The target inflation designates the
