The perceptions about present and future business conditions improved significantly in the most recent survey relative to the previous survey done in November last year. The survey was commission by Bank of Jamaica and undertaken by Statin.
In the most recent survey, the index hit 97.5 for current business conditions, up strongly from 66.6 in October and 87.4 in September and is at the highest level since June 2012 that was recorded at 115.1. However, the perception of future business conditions remained below the levels recorded in FY2011/12.
The business sector is very bullish on the future, as the future expectations reading is now up to 125 compared to 98.6 in October and is at the highest since November 2012 at 130.6.
About the survey | The Statistical Institute of Jamaica (STATIN) undertakes surveys of businesses on behalf of the Bank of Jamaica to ascertain the expectations of economic agents about variables which are likely to have an impact on inflation in the near-term. In this regard, the survey captures the perception of Chief Executive Officers, Managing Directors and Financial Controllers about the future movement of prices, current and future business conditions and the expected rate of increase in wages/salaries.
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