Consumer confidence continued its decline in the July to September quarter while Business confidence remained unchanged.
This, according to the results of the Jamaica Chamber of Commerce, JCC, Conference Board Survey of Business and Consumer Confidence released this morning.
Consumer confidence fell by almost 3 percentage points from the level recorded in the previous quarter.
The survey found that devaluation, stagnant salaries, scarce job opportunities, higher taxes, and rising prices continued to be the common complaints of consumers.
Meanwhile, businesses expect a slight decline in profits in the year ahead, although at present, profit margins have remained unchanged.
The survey, also found that businesses think the new economic policies of the government are having a favorable impact.
It found there was ongoing adaptation of firms, in order to increase their exports as well as to produce more products domestically to effectively reduce imports.
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