Monthly Economic Review – September 2017
Monthly Economic Review - September 2017
CCC reports 86% increase in nine months net profit
Caribbean Cement Company Limited (CCC) For the nine months Ended September 30, 2017: Total revenue for the nine months grew by 2% amounting to $12.26 billion, up from $11.98 billion reported a year ago. For the three months ended September 2017 the company saw a 14% increase in revenue closing at $4.18 billion relative to the $3.70 billion in 2016. According to the company “This was attributable to increase in volumes distributed to the domestic market”. Earnings before interest, tax, depreciation & amortization (EBITDA) amounted to $2.43 billion, a decline of 2% relative to $2.47 billion for the prior year’s
U.S. Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5% in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported, in addition over the last 12 months, the all items index rose 2.2 %. The gasoline index saw an increased 13.1% in September and accounted for about three-fourths of the seasonally adjusted all items increase as per the Bureau. While other major energy component indexes were mixed, and the food index rose slightly. The index for all items less food and energy increased 0.1% in September. The shelter index continued to increase, and the indexes