More local businesses are ambivalent about the present and future business conditions in Jamaica.
This is based on the Bank of Jamaica’s (BOJ’s) latest Survey of Businesses’ Inflation Expectations for July 2020, which was released recently. The survey, which seeks to ascertain the expectations of businesses about variables, which are likely to have an impact on inflation in the near term, showed that slightly more businesses are of the view that conditions are worse off in this survey than the previous one in March 2020.
In the July 2020 survey, the Present Business Conditions Index decreased to 37.0 relative to 49.2 recorded in the previous March survey. However, the Future Business Conditions Index remained broadly in line, as the index fell marginally to 142.7 in July relative to 142.8 in the previous survey.
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