amaican businesses are exhibiting a grave lack of confidence in local business conditions according to the latest findings of the Bank of Jamaica (BOJ) Present Business Conditions Index.

The index, which covers the March 2020 quarter, decreased to 114.4 relative to 115.8 recorded in the previous January 2020 survey.

The decline in the Present Business Conditions Index reflects an increase in the number of respondents who are of the view that conditions are “worse”.

The Future Business Conditions Index also decreased to 93.7 relative to 127.6 in the previous January 2020 survey.

The out-turn for the Future Business Conditions Index mainly reflects an increase in the proportion of respondents who believe that conditions will be “worse.”

http://www.jamaicaobserver.com/business/Business_conditions_worse_off_now_says_BOJ_report