Corporate executives Perception of Present and Future Business Conditions increases in the latest survey done on behalf of Jamaica’ central bank for September this year.
The Present Business Conditions Index increased to 106.6, up from 100.8 recorded in the previous survey in July. The Future Business Conditions Index also increased to end at 128.2 relative to 122.7 in the previous survey in July. The increase in the Present Business Conditions Index reflected a rise in the number of respondents of the view that conditions are “better, ”the report from Bank of Jamaica stated. The out turn for the Future Business Conditions Index mainly reflected a decrease in the proportion of respondents who believe that conditions will be “worse.”
Future Business Conditions fell from a peak of 155.1 in October 2016, but fell since then and has bounced around quite a bit. The recent decline seems to have coincided with the slippage in the exchange rate of the Jamaican dollar.