Mon | Sep 25, 2017

Consumer confidence back up

Published:Tuesday | July 11, 2017 | 7:31 PM

Consumer confidence has rebounded after some wavering in the first quarter of this year.

The situation was highlighted as the Jamaica Chamber of Commerce's (JCC) quarterly survey of business and consumer confidence was presented this morning.

Don Anderson, the managing director of Market Research Services Limited, which conducted the survey, says in the second quarter consumer confidence went up based on an expectation that there will soon be new jobs available.

But he says this confidence could be tested severely if these jobs do not materialise.

 

Meanwhile, the slight decline in business confidence seen in the first quarter continued into the second quarter of 2017.

However, Anderson says the decline in business confidence is not particularly worrying as business confidence remains at a high compared to most quarters over the last 16 years.

 

Managing director of Market Research Services Limited, Don Anderson