Economic Highlights 2017-09-16T16:03:33+00:00

2003, 2019

Fed maintains rate at 2 1/4 – 2 1/2 percent

Date: March 20, 2019 Based on data received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a

1903, 2019

Production in construction down by 1.4% in euro area

Date: March 19, 2019 Seasonally adjusted production in the construction sector decreased by 1.4% in the euro area (EA19) and remained unchanged in the EU28 In January 2019 compared with December 2018. According to Eurostat’s

1803, 2019

Monthly inflation rate of 0.1% for February 2019

Date: March 18, 2019 Consumer Price Index – Feburary 2019 The consumer price index for the month of February 2019 recorded an inflation rate of 0.1%, following a 0.2% decline in its index for January

1403, 2019

Gas Price Movement- March 14, 2019

Brent Oil Brent oil prices increased by 1.28% or US$0.85, as prices increased this week relative to the prior week. Oil traded on March 14, 2019 at a price of US$67.15 per barrel relative to

1203, 2019

Overseas Headlines- March 12, 2019

United States: U.S. Core Inflation Unexpectedly Cools on Autos, Drug Prices A key measure of underlying U.S. inflation unexpectedly eased in February amid falling prices for autos and prescription drugs, giving the Federal Reserve more

1103, 2019

Overseas Headlines- March 11, 2019

United States: U.S. Retail Sales Rise in January, Stabilizing After a Slump U.S. retail sales stabilized in January after a plunge the prior month that was larger than first reported, indicating consumers may still be

803, 2019

Net International Reserves- February 2019

Date: March 8, 2019  Net International Reserves- February 2019 Jamaica’s Net International Reserves (NIR) totaled US$3,007.49 million as at February 2019, reflecting a decrease of US$23.46 million relative to the US$3,030.94 million reported as at

803, 2019

Overseas Headlines- March 8, 2019

United States: Deal or No Deal, Trump’s Trade War With China Has Scarred the Global Economy A deal between the U.S. and China to drop tariffs couldn’t come soon enough for a global economy already

703, 2019

Gas Price Movement- March 07, 2019

Brent Oil Brent oil prices increased by 0.64% or US$0.42, as prices increased this week relative to the prior week. Oil traded on March 7, 2019 at a price of US$66.45 per barrel relative to

703, 2019

Overseas Headlines- March 7, 2019

United States: U.S. Trade Gap Surged to $621 Billion in 2018, 10-Year High The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it,

Net International Reserves

Unemployment Rate

Monthly Inflation Rate

Gross Domestic Product (GDP)

Central Government Operations

J$ Millions Provisional –Apr-Jan 2019 Budget – Apr-Jan 2019
Revenue & Grants 496,546.70 492,761.60
Fiscal Balance (Surplus +/ Deficit -) 14,297.30 4,017.40
Primary Balance (Surplus +/ Deficit -) 118,936.30 111,578.20