Economic Highlights
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%
The Bank of Jamaica (BOJ) announced that the Minister of Finance, The Honourable Minister Audley Shaw, approved a continuous medium term inflation target for the Bank in September 2017. This approval substitutes the annul fiscal year target. The target approved by the Minister is 4% - 6% for the Bank. The target inflation designates the
The Bank of Jamaica (BoJ) Review of Economic Performance July - September 2017 For the review period July – to September 2017, the Bank of Jamaica (BOJ) indicated that, “due to no small part to the successful implementation of the strenuous economic reforms of the recent years, Jamaica has transitioned to a modern competitive
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
Please click below to view U.S. Monthly Economic Review. USA 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 the contents of
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%
The Bank of Jamaica (BOJ) announced yesterday that the rate offered on overnight placements with the Bank will be reduced by 25 basis points to 3.25%. The Bank noted that the new rate will take effect on November 23, 2017. This reduction according to the Bank, “reflects its assessment that the inflation outlook for FY2017/18
The inflation rate for the month October 2017 was 0.4%, following an upward movement of 0.7% in September 2017. The movement was attributed mainly to the ‘Housing, Water, Electricity, Gas and Other Fuels’ division which recorded an increase of 1.7%. According to the Statistical Institute of Jamaica (STATIN), the movement was traced to a 2.2%
The Planning Institute of Jamaica (PIOJ) Review of Economic Performance July - September 2017 According to the PIOJ, real GDP grew by 0.9% relative to the comparative quarter in 2016. This was attributed to an estimated increase of 1.1% in the Services Industry and 0.1% increase the Goods Producing Industry. Within the Goods Producing Industry,
Brent Oil Brent oil prices rose by 4.96% (US$3.00), as prices declined this week. Oil traded on November 8, 2017 at a price of 63.49 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.35% (US$1.61 ). Additionally 90 Octane increased by 1.35% or
