August 03, 2018 According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2018 compared with May 2018, the seasonally adjusted volume of retail trade increased by 0.3% in the euro area (EA19) and remained unchanged in the EU28.” However, in May, the retail trade volume increased by
Date: August 2, 2018 Based on the latest information received by the Federal Open Market Committee (FOMC) since June, the FOMC has noticed strengthening in the labour market coinciding with rising economic activity. Based on the FOMC, Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Strong
Date: August 2, 2018 Government Operations Results for June 2018 For the period of April 2018 to June 2018, the GOJ reported Total Revenues & Grants of $140.68 billion, $596 million more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 11.8% relative to the $125.84 billion recorded for the
August 02, 2018 According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2018, compared with May 2018, industrial producer prices rose by 0.4% in both the euro area (EA19) and the EU28.” However, in May 2018 there price increased by 0.8% in the euro area while in
July 30, 2018 The U.S. Bureau of Economic Analysis indicated that, “The U.S. direct investment abroad position, or cumulative level of investment, increased $427.3 billion to $6,013.3 billion at the end of 2017 from $5,586 billion at the end of 2016.The increase mainly reflected a $243.6 billion increase in the position in Europe, primarily in
Date: July 27, 2018 Caribbean Cement Company Limited (CCC) for the Six Months Ended June 30, 2018, reported total revenue amounting to $8.77 billion, up from $8.08 billion reported a year ago. Earnings before interest, tax, depreciation & amortization (EBITDA) amounted to $2.30 billion, an increase of 58% relative to $1.46 billion for the prior year’s
Date: July 26 ,2018 BOJ Modernisation As Jamaica aims to maintain fiscal discipline and macroeconomic stability, recently appointed Minister of Finance and Public Services, Honourable Dr. Nigel Clarke, announced the implementation of Jamaica’s second pillar, the modernisation of the Bank of Jamaica (BOJ). He highlighted today that this particular decision of institutional reform stemmed from
July 26, 2018 The Bureau of Labour Statistics indicated that, “From September 2017 to December 2017, gross job gains from opening and expanding private-sector establishments were 7.8 million, an increase of 537,000 jobs gained over the quarter.” It was also noted that gross job losses from closing and contracting private sector establishments were 6.8 million,
July 25, 2018 The U.S. Bureau of Economic Analysis indicated that, “Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the first quarter of 2018. Notably, Washington had the fastest growth in the first quarter with a percentage change in real GDP ranging from 3.6 percent to -0.6 percent
July 24, 2018 According to the latest report published by Eurostat, the statistical office of the European Union, “In the first quarter of 2018, the seasonally adjusted general government deficit to GDP ratio stood at 0.1% in the euro area (EA19), a decrease compared with 0.6% in the fourth quarter of 2017.” However, in the
