Economic Highlights
Brent Oil Brent oil prices increased by 6.57%, as prices increased this week. Oil traded on September 6, 2017 at a price of 54.20 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 2.91% . Additionally 90 Octane declined by 2.85% week over week. 87 Octane and 90 Octane opened the year
The Planning Institute of Jamaica (PIOJ) Review of Economic Performance April – June 2017 According to the PIOJ, real GDP grew by 0.3% relative to the comparative quarter in 2016. This was attributed to an estimated increase of 1.2% in the Services Industry, which outweighed a 2.5% decline in the Goods Producing Industry. Within the
Brent Oil Brent oil prices declined by 3.25%, as prices increased this week. Oil traded on August 30, 2017 at a price of 50.86 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.62% . Additionally 90 Octane declined by 1.58% week over week. 87 Octane and 90 Octane opened the year
The Producer Price Index for both the “Mining and Quarrying” and “Manufacturing” industries improved 1% and 0.1% respectively for the month of June 2017. The growth was attributed to the heaviest weighted group ‘Food, Beverages and Tobacco’ which rose 0.1%. Despite this increase, the movement was tempered by a decline in the Refined Petroleum Products’
Click below for download. Monthly Economic Review - July 2017
Bank of Jamaica announces that, with effect from 25 August 2017, the rate offered on overnight placements with the Bank, the policy interest rate, will be reduced to 3.50 per cent from 3.75 per cent. The adjustment to the policy rate reflects the Bank’s assessment that inflation will be within BOJ’s inflation target of 4.0
Brent Oil Brent oil prices increased by 4.58%, as prices increased this week. Oil traded on August 23, 2017 at a price of 52.57 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.07% . Additionally 90 Octane declined by 1.05% week over week. 87 Octane and 90 Octane opened the year
Brent Oil Brent oil prices decreased by 3.61%, as prices declined this week. Oil traded on August 16, 2017 at a price of 52.27 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.10% . Additionally 90 Octane declined by 1.07% week over week. 87 Octane and 90 Octane opened the year
The inflation rate for the month July 2017 was 0.6 %, following an upward movement of 0.7% in June 2017. The division which recorded the highest movement for the month was ‘Food and Non-Alcoholic Beverages’ with a 1.2% growth. STATIN reported that the prolonged effect of the flood rains in mid-May continued to impact agricultural
Net International Reserves Jamaica’s Net International Reserves totaled US$2,736.35 million as at July 2017, reflecting an increase of US$119.54 million relative to the US$2,616.81 million reported as at the end of June 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$126.23 million to total US$3,311.88 million. Securities contributed
