Brent Oil Brent oil prices rose by 3.19% (US$1.96), as prices declined this week. Oil traded on November 22, 2017 at a price of 63.32 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices declined week over week, by 1.51% (US$1.84 ). Additionally 90 Octane declined by 1.48%
The European Union (EU) economic accounts showed a 2.8% decline in agricultural output to €405.0 billion at basic prices in 2016, compared to 2015. According to Eurostat, “In 2016, the equivalent of 59% of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the
The International Monetary Fund (IMF) recently concluded its visit to Jamaica and reiterated its commitment to supporting both Jamaica and the region in their efforts to achieve “inclusive and resilient growth”. The visit was conducted by a team led by Christine Lagarde, Managing Director of the International Monetary Fund (IMF). During the The Managing Director
Brent Oil Brent oil prices rose by 4.96% (US$3.00), as prices declined this week. Oil traded on November 8, 2017 at a price of 63.49 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.35% (US$1.61 ). Additionally 90 Octane increased by 1.35% or
Jamaica’s Net International Reserves totaled US$3,084.98 million as at October 2017, reflecting a decrease of US$52.16 million relative to the US$3,137.14 million reported as at the end of September 2017 (see figure 1). Changes in the NIR resulted from a 1% or US$55.68 decline in Foreign Assets to total US$3,659.26 million compared to US$3,714.94 million
The economy continues to add to the number of persons in the labour force. Based on a report released by the Jamaica Statistical Institute of Jamaica (STATIN), as at July 2017, the labour force comprised of 1,371,200 persons compared to 1,363,200 persons recorded in July 2016. The number of males in the labour force increased
Brent Oil Brent oil prices rose by 3.51% (US$2.05), as prices declined this week. Oil traded on November 1, 2017 at a price of 60.49 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.24% (US$1.46 ). Additionally 90 Octane increased by 1.24% or
During the period January to August 2017 the trade deficit worsened to US$2,784.2 million, increasing by US$478.8 million or 20.8% relative to US$2,305.4 million for the corresponding period in 2016 based on data release d by the Statistical Institute of Jamaica (STATIN). Imports The total spend on imported goods amounted to US$3,668.1 million, an
Real gross domestic product (GDP) rose at an annual rate of 3% for the quarter ended September 31, 2017 according to the Bureau of Economic Analysis. GDP had increased 3.1% for the second quarter (see graph below). The growth recorded in the third quarter resulted from improved contributions from persona consumptions expenditures (PCE), private
Monthly Economic Review - September 2017
