Date: August 16, 2018 The Planning Institute of Jamaica (PIOJ) held their Media Briefing today, discussing the economic performance of Jamaica for period April-June 2018 period. Dr. Wayne Henry, Director General of PIOJ, highlighted the macroeconomic performance for the April-June 2018 period. He stated that, “Real growth GDP grew by 1.8 percent for April-June 2018
Date: July 16. 2018 Consumer Price Index- July 2018 The consumer price index for the month of July 2018 increased 1.0%, following the 0.4% increase in June 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month amounted to 250.4, relative to the 248.0 reported for June 2018. This increase
Date: August 14, 2018 JMMB Group Limited - (JMMBGL) for the three months ended June 30, 2018 booked Net interest income of $2.07 billion compared to $1.91 billion in 2017, an increase of 8%. Of this, Interest income grew by 7% to close at $4.24 billion, from the $3.96 billion booked in 2017, while interest
Date: August 14, 2018 Wisynco Group Limited for the year ended June 30, 2018 reported total revenue of $24.54 billion, a 15% increase when compared with the $21.38 billion reported for the same period in 2017. Total revenues for the quarter amounted to $6.49 billion also reflecting an increase of 15% over the $5.63 billion
August 13, 2018 The Bureau of Labour Statistics reported that, “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in July, seasonally adjusted basis after rising 0.1 percent in June. Over the last 12 months, the all items index rose 2.9 percent before seasonal adjustment.” The report mentioned that in July, the
August 10, 2018 The Bureau of Labour Statistics reported that, “Real average hourly earnings for all employees were unchanged from June to July. This result stems from a 0.3 percent increase in average hourly earnings combined with a 0.2 percent increase in the Consumer Price Index for all Urban Consumers (CPI-U).” The report mentioned that
August 09, 2018 The Bureau of Labor Statistics reported that, “Total nonfarm payroll employment increased by 157,000 in July, and the unemployment rate fell to 3.9%. Job growth occurred in professional and business services, manufacturing, and health care and social assistance.” Household Survey Data According to available seasonally adjusted data, in July, there was decrease
Date: August 8, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,149.48 million as at July 2018, reflecting an increase of US$13.99 million relative to the US$3,135.49 million reported as at the end of June 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$13.32 million to total US$3,700.72 million
August 08, 2018 The U.S. Bureau of Economic Analysis indicated that, “Real Gross Domestic Product (GDP) increased at an annual rate of 4.1 percent in the second quarter of 2018 relative to a 2.2 percent increase in real GDP for the first quarter.” The report mentioned that due to positive contributions from personal consumption expenditures
August 07, 2018 The U.S. Bureau of Economic Analysis indicated that, “The U.S. monthly international trade deficit increased in June 2018. The deficit increased from $43.2 billion in May (revised) to $46.3 billion in June, as exports decreased and imports increased.” The report mentioned that the previously published May deficit was $43.1 billion. In June,
