Businesses in Jamaica have recorded their lowest-ever perception of present business conditions in the country.

This, according to the latest Bank of Jamaica (BOJ) Survey of Businesses’ Inflation Expectations May 2020, where the Present Business Conditions Index decreased to 43.7 relative to 114.4 recorded in the previous March 2020 survey.

The survey, which was conducted from March 1, 2020 to May 30, 2020 with 284 respondents, represents the lowest on record and can be linked to the impact of the novel coronavirus pandemic on current activities.

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

On the other hand, the Future Business Conditions Index increased to 127.1 relative to 93.7 in the previous survey.

http://www.jamaicaobserver.com/business-observer/lowest-ever-perception-of-business-conditions-in-jamaica-reveals-recent-bank-of-jamaica-survey_200001