Businesses were less optimistic in April than at the end of 2013.
The Bank of Jamaica (BOJ) indices reflecting perceptions about present and future business conditions both rose sharply in February.
But the indices both fell below December levels a little over a month ago, according to the latest central bank survey.
“Notwithstanding, the perception of present and future business conditions has indicated a general upward trend since the April 2013 survey,” said the report.
Back then, the indices were both at record low levels.
Businesses continued to indicate that they expect the largest increase in production costs over the next 12 months to emanate from higher cost of utilities.
Published in the Jamaica Observer
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