Consumer Confidence rises to new high

  • Consumer confidence for 3rd quarter of 2018 was  at 172.6 points, up from 159.1 points in the 2nd quarter, according to survey numbers from the Jamaica Chamber of Commerce.  The boost in confidence is due primarily to views on current and future job prospects.
  • Business confidence on the other hand remains flat a 140, on the other hand, used economic growth prospects resulting from the recent depreciation in the local currency.  While firms are still bullish on investment, the latter has also caused some investors to be less willing to invest in new plant and equipment.

Source: Gleaner (Finance)