July 06, 2018 Goods and Services Trade Deficit The U.S. Bureau of Economic Analysis indicated that, “The goods and services deficit was $43.1 billion in May, down $3.0 billion from $46.1 billion in April.” May exports ($215.3 billion) exceeded exports in April by $4.1 billion, whereas $258.4 billion was recorded for imports in May which
Brent Oil Brent oil prices increased by 0.84% or US$0.65, as prices rose this week. Oil traded on July 5, 2018 at a price of $78.06 per barrel relative to US$77.41 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.09% (JMD$1.45). Additionally
July 05, 2018 EU28 current account surplus €63.9 bn and €47.5 bn surplus for trade in services According to the latest report published by Eurostat, the statistical office of the European Union, “The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €63.9 billion (1.6% of GDP) in the first
July 04, 2018 Volume of retail trade unchanged in euro area and up by 0.3% in EU28 According to the latest report published by Eurostat, the statistical office of the European Union, “In May 2018 compared with April 2018, the seasonally adjusted volume of retail trade did not change in the euro area (EA19) and
Date: June 4, 2018 Government Operations Results for May 2018 For the period of April 2018 to May 2018, the GOJ reported Total Revenues & Grants of $84.59 billion, $472.7 million more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 11% relative to the $76.18 billion recorded for the
July 03, 2018 According to the latest report published by Eurostat, the statistical office of the European Union, “In May 2018, compared with April 2018, industrial producer prices rose by 0.8% in the euro area (EA19) and by 1.0% in the EU28.” However, in April 2018 there was no price increase in the euro area
United States: Trade War Winner Is Who Loses Least as U.S. Duties Loom U.S. President Donald Trump’s assertion that trade wars are “good, and easy to win” is fake news if economists are to be believed. The victor in an economic war of attrition will instead be which nation loses least. The first salvos are
Real GDP grew for the first quarter of 2018 at an annual rate of 2% based on the third estimate by the Bureau of Economic Analysis. The fourth quarter of 2017 yielded an increase of 2.9% Established on more complete data, the general picture of economic growth remains the same. According to the Bureau, “Private
Date: June 28, 2018 Brent Oil Brent oil prices increased by 5.41% or US$3.97, as prices rose this week. Oil traded on June 28, 2018 at a price of $77.41 per barrel relative to US$73.44 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week,
June 27, 2018 Bank of Jamaica announces its decision to lower the policy rate (the interest rate offered on overnight placements with Bank of Jamaica) by 50 basis points to 2.00 per cent, effective 28 June 2018. In March, April and May 2018, inflation fell below the lower end of the Bank’s inflation target of
