Date: September 2, 2019 In July, personal income rose $23.9 billion (0.1%) in the U.S. according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $44.4 billion (0.3%) and personal consumption expenditures (PCE) grew $93.1 billion (0.6%). Real DPI rose 0.1% in July and Real PCE climbed 0.4%. The PCE
August 29, 2019 The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the new Governor, Mr. Richard Byles, commented on the Bank’s decision to lower the policy interest rate by 25 basis points to 0.50% effective August 28, 2019. According to the Governor, “Bank of Jamaica’s decision to cut
August 27, 2019 Bank of Jamaica (BOJ) announces its decision to lower the policy interest rate (the rate offered on overnight placements with BOJ) by 25 basis points to 0.50 per cent, effective Wednesday, 28 August 2019. This decision reflects Bank of Jamaica’s assessment that inflation is projected to average 4.3 per cent over
Date: August 23, 2019 Bank of Jamaica wishes to advise that effective 26 August 2019, it will no longer exchange the Bermuda Dollar at its banking counter. This decision has been taken in a context where the Bank has been unable to repatriate this particular foreign currency. In that regard, after giving value for the
Date: August 23, 2019 According to the latest report published by Bureau of Economic Analysis, based on the operations and finances of U.S. parent companies and their foreign affiliates, worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4% to 42.5 million workers in 2017 from 42.3 million in 2016. In 2017, employment in the United States by
Date: August 22, 2019 The latest report from the U.S. Bureau of Labor Statistics showed that from March 2018 to March 2019, employment increased in 298 of the 355 largest U.S. counties. National employment rose 146.5 million in March 2019, a 1.4% increase over the year. Midland, Texas, had the largest percentage increase in employment
Date: August 22, 2019 Brent Oil Brent oil prices increased by 3.31% or US$1.93, as prices increased this week relative to the prior week. Oil traded on August 22, 2019 at a price of US$60.16 per barrel relative to US$58.23 on August 15, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices
Date: August 22, 2019 Please see attached Monthly Economic Review. Monthly Economic Review - July 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: August 21, 2019 Seasonally adjusted production in the construction remained unchanged in the euro area (EA19) and fell by 0.3% in the EU28 in June compared with May 2019. According to Eurostat’s first estimates stated in May 2019, “production in construction decreased by 0.5% in the euro area and by 0.4% in the EU28.
Date: August 9, 2019 July’s Producer Price Index for final demand recorded a 0.2% increase, seasonally adjusted, according to the U.S. Bureau of Labor Statistics reported today. Final demand prices inched up 0.1% in June and May. On an unadjusted basis, the final demand index rose 1.7% for the 12 months ended in July. This
