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Business and consumer confidence levels maintain upward trend

The latest survey of  business confidence shows that companies in Jamaica remain bullish on their plans to invest.

According to data from the survey for the first quarter of  2019, companies willingness to invest in new plants and equipment was the highest in the history of  the survey, soaring to 159 points.

It surpassed the record set in the last quarter of  2018 of  151 points.

More than 70 per cent of  all firms surveyed continued to agree that the time was right for expansion. 

More than 56 per cent of  the firms surveyed indicated having solid plans to increase the level of  capital investment in their firms over the next 12 months.

In addition, expectations for economic growth increased marginally to 67 per cent compared to 65 per cent in the last quarter of  2018. 

 

Businesses also reported that they expect the economy to improve in the next 12 months.



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