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 United States: U.S. Growth Slows to 2.1% as Trade Tensions Weigh on Businesses “U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut next week. Gross domestic
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
July 25, 2019 NCB Financial Group Limited (NCBFG), for the nine months ended June 30, 2019, reported a 27% increase in net interest income relative to the corresponding period in 2018, to total $32.36 billion (2018: $25.42 billion). The movement according to management was due to, “growth in our loan portfolio, the consolidation of
Date: July 25, 2019 Elite Diagnostic Limited (ELITE) has advised of the resignation of Company Secretary, Dr. Neil Fong, effective June 30, 2019. The Company further advised of the appointment of Anna Young as Company Secretary effective July 1, 2019. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable,
Date: July 25, 2019 Carreras Limited (CAR) has advised that at a meeting of the Board of Directors held on July 24, 2019, the Directors declared an interim dividend of $0.18 per stock unit to be paid out of accumulated profits on August 29, 2019 to stockholders as shown on the Register of Members as
Date: July 25, 2019 Jamaican Teas Limited (JAMT), for the nine months ended June 30, 2019, reported a decline in revenues to total $1.01 billion (2018: $1.34 billion). For the quarter, revenues amounted to $316.67 million compared to $438.61 million in the previous corresponding quarter. JAMT stated that, “the quarter shows a sharp fall in
Date: July 25, 2019 United States: U.S. Business-Equipment Orders Jump by Most Since Early 2018 “Orders placed with U.S. factories for business equipment posted the biggest gain in more than a year and shipments unexpectedly increased, suggesting corporate investment is regaining momentum despite tariffs and global weakness. A proxy for business investment -- non-military capital-goods
Date: July 25, 2019 Real GDP in the first quarter of 2019 increased in all 50 states and the District of Columbia. According to the U.S. Bureau of Economic Analysis (BEA), “The percent change in real GDP in the first quarter ranged from 5.2 % in West Virginia to 1.2 % in Hawaii.” The
Date: July 24, 2019 United States: U.S. Negotiators Heading to China Monday for Talks “U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are set to travel to China Monday for the first high-level, face-to-face trade negotiations between the world’s two biggest economies since talks broke down in May. The White House confirmed Wednesday
