January 09, 2020 According to the latest report published by the Statistical Office of the European Union (Eurostat), “the euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in November 2019 relative to October 2019 and down from 7.9% in November 2018.” Notably, since July 2008, this is the lowest rate recorded in the euro area.
January 09, 2020 Brent Oil Brent oil prices decreased by 1.48% or US$0.98, as prices fell this week relative to the prior week. Oil traded on January 09, 2020 at a price of US$65.27 per barrel relative to US$66.25 on January 02, 2020. Brent oil opened 2020 year at US$66.41 per barrel. Petrojam prices 87
January 08, 2020 Jamaica’s Net International Reserves (NIR) totaled US$3,162.53 million as at December 2019, reflecting an increase of US$56.67 million relative to the US$3,105.87 million reported as at the end of November 2019 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$49.25 million to total US$3,631.09 million compared
January 07, 2020 Goods and Services Trade Deficit The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October.” November exports ($208.6 billion), were more than October exports by $1.4 billion, whereas, November imports amounted to $251.7 billion which was
January 06, 2020 According to the latest report published by Eurostat, the statistical office of the European Union, “In November 2019, compared with October 2019, industrial producer prices rose by 0.2% in the euro area (EA19) and by 0.1% in the EU28.” However, in October 2019, prices remained relatively constant in the euro area and
Date: January 03, 2019 Unemployment rates trended downward for the month of November in 223 of the 389 metropolitan states compared to a year earlier. According to Bureau Labor Statistics, this was “higher in 137 areas, and unchanged in 29 areas.” Jobless rates lower than 3% were recorded in 153 areas while 2 areas posted
Date: January 2, 2020 Brent Oil Brent oil prices decreased by 2.46% or US$1.67, as prices fell this week relative to the prior week. Oil traded on January 02, 2020 at a price of US$66.25 per barrel relative to US$67.92 on December 26, 2019. Brent oil began the 2019 year at US$55.95 per barrel. Petrojam
Date: January 02, 2020 For the period of April to November 2019, the GOJ reported Total Revenues & Grants of $404.96 billion, $4.84 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 25.2% relative to the $323.55 billion recorded for the corresponding period in 2018. ‘Tax Revenue’, ‘Non-Tax
December 27, 2019 Brent Oil Brent oil prices increased by 2.07% or US$1.38, as prices increased this week relative to the prior week. Oil traded on December 26, 2019 at a price of US$67.92 per barrel relative to US$66.54 on December 19, 2019. Brent oil began the year at US$55.95 per barrel. Petrojam prices 87
December 24, 2019 Third quarter real gross domestic product (GDP) increased at an annual rate of 2.1% for the third quarter of 2019. For the second quarter of 2019, real GDP had a 2.0% growth according to the third estimate released by the Bureau of Economic Analysis. The upward movement in real GDP for the
