With the COVID-19 pandemic weighing on the local economy, causing social disruptions and shutdowns across sectors, consumer and business confidence took a knock during the first and second quarters of the year. This was according to the latest findings of the Jamaica Chamber of Commerce (JCC) business and consumer confidence indices.

The consumer confidence index revealed a downward trend over the last two quarters moving from 180.1 points in quarter four of 2019 to 172.9 and 165.2 points in the first and second quarters of 2020 respectively.

According to pollster Don Anderson, who presented the findings yesterday via Zoom and YouTube live stream, these indices are relatively high considering the lowest ever recorded was 82.7 in the second quarter of 2003.

http://www.jamaicaobserver.com/business-observer/business-and-consumer-confidence-dip-amid-covid-19-outbreak-job-loss-the-most-widespread-impact-of-pandemic-among-consumers_199033