Economic Highlights
Date: August 9, 2019 July’s Producer Price Index for final demand recorded a 0.2% increase, seasonally adjusted, according to the U.S. Bureau of Labor Statistics reported today. Final demand prices inched up 0.1% in June and May. On an unadjusted basis, the final demand index rose 1.7% for the 12 months ended in July. This
Date: August 08, 2019 Brent Oil Brent oil prices decreased by 5.16% or US$3.12, as prices decreased this week relative to the prior week. Oil traded on August 08, 2019 at a price of US$57.38 per barrel relative to US$60.50 on August 01, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices
Date: August 8, 2019 Net International Reserves- July 2019 Jamaica’s Net International Reserves (NIR) totaled US$2,951.35 million as at July 2019, reflecting a decline of US$83.96 million relative to the US$3,035.31 million reported as at the end of June 2019 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$89.30
Date: August 7, 2019 The Bureau of Labour Statistics reported that, “the number of job openings was relatively unchanged at 7.3 million on the last business day of June.” In addition, the month, hires and separations were little changed at 5.7 million and 5.5 million, respectively,” the BLS stated. Regarding quits rate and layoffs and
Date: August 5, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2019, compared with May 2019, industrial producer prices fell by 0.6% in both the euro area (EA19) and EU28.” However, in May 2019, industrial producer prices declined by 0.1% in the euro area while
Date: August 02, 2019 For the period of April to June 2019, the GOJ reported Total Revenues & Grants of $153.85 billion, $2.89 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 9.4% relative to the $140.68 billion recorded for the corresponding period in 2018. ‘Tax Revenue’ and
July 31, 2019 Based on information collected since the Federal Open Market Committee (FOMC) met in June 2019, the findings alluded to a strong labour market with a moderate rise in economic activity. Solid job gains were reported in recent months while the unemployment rate remained subdued. However the growth of business fixed investment
Date: July 30, 2019 In June, personal income rose $83.6 billion (0.4%) according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $69.7 billion (0.4%) and personal consumption expenditures (PCE) grew $41.0 billion (0.3%). Real DPI rose 0.3% in June and Real PCE climbed 0.2%. The PCE price index
Date: July 26, 2019 Real gross domestic product (GDP) grew for the second quarter of 2019 at an annual rate of 2.1%, based on the "advance" estimate released by the Bureau of Economic Analysis (BEA). The first quarter of 2019 real GDP yielded an increase of 3.1%. According to BEA, the first estimate, released today,
Date: July 26, 2019 The Producer Price Index for the Mining and Quarrying industry posted a decline by 0.5% for June 2019. The movement was a result of the major group, ‘Bauxite Mining & Alumina Processing’ which experienced a similar decline of 0.05% according to Statistical Institute of Jamaica (STATIN). The Manufacturing industry slid 1.5
