Date: May 22, 2019 Mr. Wayne Henry, Director General for PIOJ, started the press briefing by providing the main highlights of the macroeconomic performance for the January to March 2019 quarter. The following were noted: Overview of Real Industry Developments For January-March 2019, real GDP grew by an estimated 1.5 percent relative to the corresponding
Date: May 21, 2019 The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the Governor, Mr. Brian Wynter, commented on the Bank’s decision to lower the policy interest rate by 50 basis points to 0.75% per annum. According to the Governor, “this policy decision reflects the Bank’s forecast that, even
Date: May 21, 2019 Please see attached Monthly Economic Review. Monthly Economic Review - April 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: May 17, 2019 Consumer Price Index – April 2019 The consumer price index for the month of April 2019 recorded an inflation rate of 0.1%, following a 0.8% increase in its index for March 2019, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of March rose to
Date: May 13, 2019 Net International Reserves- April 2019 Jamaica’s Net International Reserves (NIR) totaled US$3,019.08 million as at April2019, reflecting a decline of US$65.74 million relative to the US$3,084.83 million reported as at the end of March 2019 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$68.98 million
Brent Oil Brent oil prices decreased by 1.33% or US$0.94, as prices decreased this week relative to the prior week. Oil traded on May 09, 2019 at a price of US$69.81 per barrel relative to US$70.75 on May 02, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices decreased
Date: May 03, 2019 For the period of April 2018 to March 2019, the GOJ reported Total Revenues & Grants of $628.99 billion, $1.43 billion more than the Government’s projection. Year over year, this represents an increase of approximately 12.2% relative to the $560.84 billion recorded for the corresponding period in 2018. ‘Tax Revenue’ and
Date: May 01, 2019 Based on the latest information received by the Federal Open Market Committee (FOMC) since March, the FOMC has noticed the labour market remained strong, whilst economic activity has been rising at a solid rate. According to the FOMC, “on average, in recent months job gains have been strong and the unemployment
Please see attached USA Monthly Economic Review. USA Economic Review - March 2019 Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part
Brent Oil Brent oil prices increased by 4.13% or US$2.97, as prices increased this week relative to the prior week. Oil traded on April 25, 2019 at a price of US$74.94 per barrel relative to US$71.97 on April 18, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices increased
