January 29, 2017 Effective 7 February 2018, Bank of Jamaica will reduce the amount that authorised dealers (ADs) and cambios are required to sell to the central bank from their daily purchases of foreign exchange(FX). For both ADs and cambios, the amount required to be sold to the central bank will be reduced by 5.0
January 26, 2018 According to the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) has increased at an annual rate of 2.6% in the fourth quarter of 2017, a reduction from the previous third quarter of 3.2% in 2017. Components that positively contributed to this 2.6% growth rate are personal consumption expenditure (PCE),
January 25, 2018 The statistical office of Europe (Eurostat) on 25 Jan 2018 has reported that eleven member state has already achieved their 20/20 target, regarding the portion of their energy consumption that derives from renewables. For 2016, the portion of energy consumption that was sourced from renewable alternative reached 17% of gross final consumption
January 24, 2018 Government debt to GDP ratio fell to 82.5% in the third quarter (2017) compare to the 83.3% recorded in the second quarter in 2017. Year over year third quarter government debt decreased from 82.9% to 82.5% in 2016 and 2017 respectively. At the end of the third quarter of 2017, debt
January 23,2018 Unemployment rates were lower in December in 6 states, higher in 1 state, and stable in 43 states, the U.S. Bureau of Labor Statistics reported today. The national unemployment rate was unchanged from November at 4.1 percent but was 0.6 percentage point lower than in December 2016. Nonfarm payroll remained stable across majority
January 22, 2018 Please click below to view December 2017's Economic Review. Monthly Economic Review - December 2017 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
January 22, 2018 The median weekly earnings of the nation's 114.2 million full-time wage and salary workers were down to $854 in the fourth quarter 2017 from the previous quarter, the U.S. Bureau of Labor Statistics reported. This was 0.9% higher than a year earlier, compared with a gain of 2.1% in the Consumer Price
January 19, 2018 From December 2016 to December 2017, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.1%. This is a similar rise when compare to 2015 December to 2016 December. The food index increased 1.6% 2016-2017 after declining by 0.2% the previous year. The index for food at home followed a similar
January 18, 2018 For the third quarter of 2017 compared with third quarter of 2016, the house price index increase by 4.1% in the euro area and by 4.6% in the broader European Union(EU), as reported by Eurostat, the statistical office of the European Union. When compared with the second quarter of 2017, house price
January 18, 2018 Bank of Jamaica announces that effective 18 January 2018 the policy interest rate (the rate offered on overnight placements with the Bank) will be reduced to 3.00 percent from 3.25 percent. This adjustment reflects the Bank’s assessment that inflation for the next eight quarters should remain within the target of 4.0 per
