Jobs & Investments Drive Consumer & Business Confidence Higher

Consumer confidence continues to outpace that of the business sector up to the 4th quarter of 2018.

That’s according to the latest business and consumer confidence survey by noted pollster and Managing Director of Market Research Services Limited, MRSL, Don Anderson.

Speaking at a Jamaica Chamber of Commerce forum yesterday, he says consumer confidence is rising due to an increase in jobs, while business sector confidence is rising due to investment prospects.

According to local pollster, Don Anderson, consumer confidence has been steadily increasing over the last 17 years, and 2018 was no exception.

Mr. Anderson says business confidence has consistently lagged behind consumer confidence in recent years. He says up to 2015 only a mere 2 to 4 points separated the two groups.

Mr Anderson says Construction and the Business Process Outsourcing sectors are largely responsible for the growth in consumer confidence.

He’s also cautioning against downplaying the stock market gains and opportunities for investment.

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