The Jamaican Economy expanded by 0.1% for the first quarter of 2017 relative to the corresponding quarter of 2016. The growth resulted mainly from improvements in the Services industries which increased by 0.4%. The overall Goods Producing industries posted a decline in the period despite gains by the Manufacturing and Construction industries. The Goods Producing
U.S.: Second Straight Drop in U.S. Retail Sales Shows Tepid Spending Retail sales unexpectedly dropped for a second month in June, signalling consumers are providing only modest support for the U.S. economy, Commerce Department data showed Friday. Highlights of Retail Sales Purchases dropped 0.2% (forecast was 0.1% gain) after falling 0.1% the prior month (previously
Portland JSX Limited (PJX) reports a 241% increase in Net Profit. (All figures in US Dollars unless otherwise stated. Portland JSX Limited (PJX) for the three months ended May 31, 2017, reported a net gain on financial assets classified as at fair value through profit or loss for the 2017 first quarter closing the quarter
Please click below to view today’s Daily Market Summary. Daily Market Summary 13.07.17 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 this information
Caribbean Cream Limited (KREMI) for year ended May 31, 2017, reported a 1% increase during the quarter totaling $319.10 million compared to $315.26 million in the corresponding period last year. According to the company, “sales were affected by the reduction in demand due to adverse weather conditions (rain & flooding) existing in the 1st Quarter of
The sole source of income, Financial Income declined by 25% to total $154,000 from $205,000 for the previous financial year. An exchange gain of $210,000 was realized relative to $856,000 for the 2016 financial year. Other expenses amounted to $5.42 million, 35% less than the $8.35 million recorded for the year ending May 31st, 2016.
Caribbean Cement Company Limited (CCC) today held their 68th Annual General Meeting at the Spanish Court Hotel. Following the chairman’s opening remarks, the company’s General Manager, Peter Donkersloot Ponce, who was appointed on November 7, 2016, presented on CCC’s 2016 year in review. CCC reported a significant decline in ‘total loss and injuries” and total recordable
Sagicor Group Jamaica Limited (SJ) has advised that two Executives sold a total of 1,030,500 SJ shares on July 12, 2017.
The latest U.S. payroll data from the Bureau of Labour Statistics indicated that the U.S. economy added 220,000 jobs while the unemployment rate was little changed at 4.4% for the month of June. The sectors see increases were health care, social assistance, financial activities and mining. In June, health care added 37,000 jobs. Health care
U.S.: U.S. weekly jobless claims drop; producer prices unexpectedly rise The number of Americans filing for unemployment benefits fell last week for the first time in a month and producer prices unexpectedly rose in June, likely keeping the Federal Reserve on track for a third interest rate increase this year. Persistently low layoffs point to
