Brent Oil Brent oil prices decreased by 0.97% or US$0.59, as prices decreased this week relative to the prior week. Oil traded on September 12, 2019 at a price of US$60.36 per barrel relative to US$60.95 on September 05, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices decreased
Date: September 9, 2019 Net International Reserves- August 2019 Jamaica’s Net International Reserves (NIR) totaled US$2,936.45 million as at August 2019, reflecting a decline of US$14.90 million relative to the US$2,951.35 million reported as at the end of July 2019 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$17.45
Date: September 5, 2019 Nonfarm Business Sector According to a release from U. S. Bureau of Labor Statistics, “nonfarm business sector labor productivity increased 2.3% in the second quarter of 2019, as output increased 1.9% and hours worked decreased 0.4%.” Year over year, from the second quarter of 2018 to the second quarter of 2019,
September 4, 2019 Goods and Services Trade Deficit The U.S. Census Bureau and the U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $54.0 billion in July, down $1.5 billion from $55.5 billion in June.” July exports ($207.4 billion), were more than June exports by $1.2 billion, whereas, July imports were
Date: September 4, 2019 Government Operations Results for July 2019 For the period of April to July 2019, the GOJ reported Total Revenues & Grants of $202.06 billion, $3.95 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 10.5% relative to the $182.87 billion recorded for the corresponding
Date: September 3, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “In July 2019, compared with June 2019, industrial producer prices rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28.” However, in June 2019, prices declined by 0.6% in the euro area
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
Date: August 26, 2019 Mr. Wayne Henry, Director General for PIOJ in his address to the audience, highlighted the 2017 Poverty Overturn in addition to the perspective on the likelihood of a global recession and how it would affect Jamaica. In regards to Employment Update, the Director General briefly highlighted that for the month of
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 Barita Investments Limited (BIL) has declared an interim dividend of $1.267 per stock unit payable on October 7, 2019, to shareholders on record at the close of business on September 19, 2019. The ex-dividend date is September 18, 2019. Company Disclosure -The information contained herein has been obtained from sources believed
