The European Central Bank kept its interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40% respectively. The ECB also expects the rates to remain at current levels for some time past the horizon of the net asset purchases.
Federal Reserve officials followed through on an expected interest-rate increase today citing continued strengthening in the labour market and rising economic activity. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported, in addition over the last 12 months, the all items index rose 2.2%. The energy index climbed 3.9% and accounted for approximately three-fourths of the all items increase. The gasoline
Brent Oil Brent oil prices declined by 2.99% (US$1.89), as prices declined this week. Oil traded on December 07, 2017 at a price of 61.22 (US$ barrel) and began the year at US$56.0 per barrel. Petrojam prices 87 Octane prices declined week over week, by 0.29% (US$0.35 ). Additionally 90 Octane declined by 0.28% or
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, advised that the goods and services deficit for October 2017 was $48.7 billion compared to $44.9 billion, up $3.8 billion. Exports for October were $0.1 billion from September to $195.9 billion, while imports were valued at $244.6 billion, up
Seasonally adjusted retail trade volume declined 1.1% in the euro area (EA19) and 0.5% in the EU28 for October 2017. This decline follows a 0.8% and 0.2% increase in the euro area (EA19) and EU28 recorded in September 2017 according to estimates from Eurostat, the statistical office of the European Union. The main drivers behind
Industrial producer prices in October 2017 rose 0.4% in the euro area relative to September 2017. The movement was due to a 1.3% climb in the energy sector and a 0.3% growth for intermediate goods. Prices for capital and durable consumer good remained stable, while non-durable goods recorded a 0.2% decline. In the EU28, a
Brent Oil Brent oil prices declined by 0.33% (US$0.21), as prices declined this week. Oil traded on November 29, 2017 at a price of 63.11 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices declined week over week, by 1.41% (US$1.69 ). Additionally 90 Octane declined by 1.38%
Please click below to view Jamaica's Monthly Economic Summary - October 2017. Monthly Economic Review - October 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
Brent Oil Brent oil prices rose by 3.19% (US$1.96), as prices declined this week. Oil traded on November 22, 2017 at a price of 63.32 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices declined week over week, by 1.51% (US$1.84 ). Additionally 90 Octane declined by 1.48%
