abelianBCCI - Business Outlook 2015 Q1 - Barbados
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Page 1 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
A1.1: With regard to the Barbados Economy, do you believe that General
Business Conditions in 3 months’ time will have? Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Deteriorated
Improved
A1.1: With regard to the Barbados Economy, do you believe that General Business Conditions in 3 months' time will have?
Answer choices A1.1: With regard to the Barbados Economy, do you believe that General Business Conditions in 3 months' time will have?
Remained the same 58% 32
Deteriorated 36% 20
Improved 5% 3
Total 55
Net balance (%): -31%
Confidence: LOW
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 2 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
A1.2: With regard to the Barbados Economy, do you believe that General
Business Conditions in 6 months’ time will have?
Answered: 54 Skipped: 2
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Deteriorated
Improved
A1.2: With regard to the Barbados Economy, do you believe that General Business Conditions in 6 months' time will have?
Answer choices A1.2: With regard to the Barbados Economy, do you believe that General Business Conditions in 6 months' time will have?
Remained the same 50% 27
Deteriorated 43% 23
Improved 7% 4
Total 54
Net balance (%): -35%
Confidence: LOW
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 3 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
A1.3: With regard to the Barbados Economy, do you believe that General
Business Conditions in 12 months’ time will have?
Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Deteriorated
Improved
A1.3: With regard to the Barbados Economy, do you believe that General Business Conditions in 12 months' time will have?
Answer choices A1.3: With regard to the Barbados Economy, do you believe that General Business Conditions in 12 months' time will have?
Remained the same 29% 16
Deteriorated 42% 23
Improved 29% 16
Total 55 Net balance (%): -13%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 4 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
A2: What do you think the annual Inflation Rate will be in 12 months’
time? Answered: 47 Skipped: 9
0%
10%
20%
30%
40%
50%
60%
0-2 3-4 5-6 7-8 9-10
A2: What do you think the annual Inflation Rate will be in 12 months' time?
Answer choices A2: What do you think the annual Inflation Rate will be in 12 months' time?
0-2 49% 23
3-4 36% 17
5-6 11% 5
7-8 0% 0
9-10 4% 2
Page 5 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
A3.1: How do you expected the Unemployment Rate to have changed in
12 months’ time? Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Increased
Decreased
A3.1: How do you expected the Unemployment Rate to have changed in 12 months' time?
Answer choices A3.1: How do you expected the Unemployment Rate to have changed in 12 months' time?
Remained the same 24% 13
Increased 69% 38
Decreased 7% 4
Total 55 Net balance (%): -62%
Confidence: VERY LOW
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 6 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
A3.2: How do you expected Interest Rates to have changed in 12
months’ time? Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Increased
Decreased
A3.2: How do you expected Interest Rates to have changed in 12 months' time?
Answer choices A3.2: How do you expected Interest Rates to have changed in 12 months' time?
Remained the same 62% 34
Increased 31% 17
Decreased 7% 4
Total 55 Net balance (%): -24%
Confidence: LOW
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 7 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B1: With regard to Your Business, how do you expect Real Business
Activity to have changed in 12 months’ time? Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B1: With regard to Your Business, how do you expect Real Business Activity to have changed in 12 months' time?
Answer choices B1: With regard to Your Business, how do you expect Real Business Activity to have changed in 12 months' time?
Remained the same 36% 20
Decreased 22% 12
Increased 42% 23
Total 55 Net balance (%): +20%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 8 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B2: With regard to Your Business, how do you expect Real Profits to have
changed in 12 months’ time? Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B2: With regard to Your Business, how do you expect Real Profits to have changed in 12 months' time?
Answer choices B2: With regard to Your Business, how do you expect Real Profits to have changed in 12 months' time?
Remained the same 42% 23
Decreased 29% 16
Increased 29% 16
Total 55
Net balance (%): +0%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 9 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B3: With regard to Your Business, how do you expect Employment to
have changed in 12 months’ time? Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B3: With regard to Your Business, how do you expect Employment to have changed in 12 months' time?
Answer choices B3: With regard to Your Business, how do you expect Employment to have changed in 12 months' time?
Remained the same 56% 31
Decreased 22% 12
Increased 22% 12
Total 55
Net balance (%): +0%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 10 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B4: With regard to Your Business, how do you expect the Price of your
good/service to have changed in 3 months’ time?
Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B4: With regard to Your Business, how do you expect the Price of your good/service to have changed in 3 months' time?
Answer choices B4: With regard to Your Business, how do you expect the Price of your good/service to have changed in 3 months' time?
Remained the same 80% 44
Decreased 9% 5
Increased 11% 6
Total 55 Net balance (%): +2%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 11 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B5: With regard to Your Business, how do you expect the Price of your
good/service to have changed in 3 months’ time? Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B5: With regard to Your Business, how do you expect Investment in buildings, plant and equipment to have changed
in 12 months' time?
Answer choices B5: With regard to Your Business, how do you expect Investment in buildings, plant and equipment to have changed in 12 months' time?
Remained the same 58% 32
Decreased 22% 12
Increased 20% 11
Total 55 Net balance (%): -2%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 12 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B6: With regard to Your Business, how do you expect Real Exports to
have changed in 12 months’ time? Answered: 24 Skipped: 32
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B6: With regard to Your Business, how do you expect Real Exports to have changed in 12 months' time?
Answer choices B6: With regard to Your Business, how do you expect Real Exports to have changed in 12 months' time?
Remained the same 50% 12
Decreased 13% 3
Increased 38% 9
Total 24 Net balance (%): +25%
Confidence: MODERATE
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 13 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B7: With regard to Your Business, how do you expect Capacity Utilization
to have changed in 3 months’ time?
Answered: 26 Skipped: 30
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B7: With regard to Your Business, how do you expect Capacity Utilization to have changed in 3 months' time?
Answer choices B7: With regard to Your Business, how do you expect Capacity Utilization to have changed in 3 months' time?
Remained the same 58% 15
Decreased 12% 3
Increased 31% 8
Total 26
Net balance (%): +19%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 14 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B8: With regard to Your Business, how do you expect Investment in
Livestock to have changed in 12 months’ time? Answered: 10 Skipped: 46
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B8: With regard to Your Business, how do you expect Investment in Livestock to have changed in 12 months' time?
Answer choices B8: With regard to Your Business, how do you expect Investment in Livestock to have changed in 12 months' time?
Remained the same 60% 6
Decreased 20% 2
Increased 20% 2
Total 10
Net balance (%): +0%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 15 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B9: If your business is involved in Construction, how do you expect your
Volume of activity for Residential Building to have changed in 12 months’
time? Answered: 11 Skipped: 45
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B9: If your business is involved in Construction, how do you expect your Volume of activity for Residential Building to have
changed in 12 months' time?
Answer choices B9: If your business is involved in Construction, how do you expect your Volume of activity for Residential Building to have changed in 12 months' time?
Remained the same 36% 4
Decreased 55% 6
Increased 9% 1
Total 11
Net balance (%): -45%
Confidence: LOW
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 16 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B10: If your business is involved in Construction, how do you expect your
Volume of activity for Non-residential Building to have changed in 12
months’ time? Answered: 11 Skipped: 45
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Decreased
Increased
B10: If your business is involved in Construction, how do you expect your Volume of activity for Non-residential Building to
have changed in 12 months time?
Answer choices B10: If your business is involved in Construction, how do you expect your Volume of activity for Non-residential Building to have changed in 12 months time?
Remained the same 36% 4
Decreased 27% 3
Increased 36% 4
Total 11
Net balance (%): +9%
Confidence: BALANCED
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 17 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
B11: Will it be easier or harder to get credit in 12 months’ time? Answered: 42 Skipped: 14
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remained the same
Harder
Easier
B11: Will it be easier or harder to get credit in 12 months time?
Answer choices B11: Will it be easier or harder to get credit in 12 months time?
Remained the same 40% 17
Harder 57% 24
Easier 2% 1
Total 42
Net balance (%): -55%
Confidence: LOW
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 18 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
C1: How has your business performed over the LAST 6 months relative
to the previous 6 months? Answered: 55 Skipped: 1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Much weaker
Somewhat weaker
About the same
Somewhat stronger
Much stronger
C1: How has your business performed over the LAST 6 months relative to the previous 6 months?
Answer choices C1: How has your business performed over the LAST 6 months relative to the previous 6 months?
Much weaker 24% 13
Somewhat weaker 29% 16
About the same 35% 19
Somewhat stronger 7% 4
Much stronger 5% 3
Total 55
Net balance (%): -40%
Confidence: LOW
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 19 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
C2: How do you believe your business will perform in the NEXT 6 months
compared with the last 6 months? Answered: 56 Skipped: 0
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Much weaker
Somewhat weaker
About the same
Somewhat stronger
Much stronger
C2: How do you believe your business will perform in the NEXT 6 months compared with the last 6 months?
Answer choices C2: How do you believe your business will perform in the NEXT 6 months compared with the last 6 months?
Much weaker 16% 9
Somewhat weaker 39% 22
About the same 38% 21
Somewhat stronger 2% 1
Much stronger 5% 3
Total 56
Net balance (%): -48%
Confidence: LOW
Confidence Range
Very low Low Balanced Moderate High
-20 +20 +60 +100-100 -60
Page 20 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
C3: In your opinion, what are the major constraints on the growth of
your business? Answered: 54 Skipped: 2
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Rising overheads and utility costs
Rising transport costs
Rising production costs
Price pressure from customers
Price pressure from competitors
Price pressure from suppliers
Declining customer base
Declining demand…
Declining visitor numbers
National economic performance
Regional economic performance
Global economic performance
Problems with government…
Environmental catastrophes…
Difficulties in obtaining finance…
Increased competition from…
Broadband and information…
Limited supply of production…
Licensing and regulations
Access to training
Transport infrastructure
Availability of skilled workers
Shortage of commercial land
Reduced demand for exports
C3: In your opinion, what are the major constraints on the growth of your business?
Page 21 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
Answer choices C3: In your opinion, what are the major constraints on the growth of your business?
Rising overheads and utility costs 28% 15
Rising transport costs 6% 3
Rising production costs 11% 6
Price pressure from customers 48% 26
Price pressure from competitors 35% 19
Price pressure from suppliers 15% 8
Declining customer base 26% 14
Declining demand
from customers 48% 26
Declining visitor numbers 13% 7
National economic performance 65% 35
Regional economic performance 15% 8
Global economic performance 19% 10
Problems with government
planning regulations 24% 13
Environmental catastrophes
(hurricanes, flooding, earthquakes
etc.) 0% 0
Difficulties in obtaining finance
/extending credit facilities 19% 10
Increased competition from
low cost imports 22% 12
Broadband and information
technology access 6% 3
Limited supply of production
materials and/or product 4% 2
Licensing and regulations 22% 12
Access to training 0% 0
Transport infrastructure 7% 4
Availability of skilled workers 20% 11
Shortage of commercial land 0% 0
Reduced demand for exports 4% 2
Page 22 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
C4: What is the most important problem facing your firm? Answered: 54 Skipped: 2
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Total tax burden
Shortages of supplies
Regulation & Paperwork
Premises/Rent/Rates
Low turnover
Lack of skilled employees
Internal Management…
Interest rates
Inflation
High rates of pay
Exchange rate
Competition from…
Cashflow/Debtors
Access to finance
C4: What is the most important problem facing your firm?
Page 23 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
Answer choices C4: What is the most important problem facing your firm?
Total tax burden 6% 3
Shortages of supplies 0% 0
Regulation & Paperwork 20% 11
Premises/Rent/Rates 0% 0
Low turnover 19% 10
Lack of skilled employees 6% 3
Internal Management
difficulties 0% 0
Interest rates 2% 1
Inflation 4% 2
High rates of pay 2% 1
Exchange rate 2% 1
Competition from
other businesses 9% 5
Cashflow/Debtors 20% 11
Access to finance 6% 3
Other 6% 3
Total 54
Page 24 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
C5: Select the number of employees at your company (including
yourself). Answered: 56 Skipped: 0
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
101 or more
51 - 100
11 - 50
less than 10
C5: Select the number of employees at your company (including yourself).
Answer choices C5: Select the number of employees at your company (including yourself).
101 or more 18% 10
51 - 100 14% 8
11 - 50 34% 19
less than 10 34% 19
Total 56
Page 25 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
C6: Please select which industry your company represents. Answered: 56 Skipped: 0
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Wholesale
Utilities
Transportation
Tourism
Telecommunications
Technology
Retail
Real Estate
Public accounting
Other
Non-profit association
Media/Publishing
Manufacturing
Legal
Insurance
Information Systems
Health care
Government
Financial Services
Financial Institution
Entertainment
Engineering
Education
Consulting
Construction
Business services
Banking
Agribusiness
C6: Please select which industry your company represents.
Page 26 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
Answer choices C6: Please select which industry your company represents.
Wholesale 7% 4
Utilities 0% 0
Transportation 4% 2
Tourism 0% 0
Telecommunications 0% 0
Technology 4% 2
Retail 11% 6
Real Estate 0% 0
Public accounting 2% 1
Other 14% 8
Non-profit association 0% 0
Media/Publishing 0% 0
Manufacturing 20% 11
Legal 0% 0
Insurance 5% 3
Information Systems 0% 0
Health care 4% 2
Government 0% 0
Financial Services 2% 1
Financial Institution 2% 1
Entertainment 0% 0
Engineering 2% 1
Education 0% 0
Consulting 2% 1
Construction 4% 2
Business services 13% 7
Banking 0% 0
Agribusiness 5% 3
Page 27 of 27
2015 Survey of Economic Expectations
BARBADOS
BARBADOS Business Outlook 2015 Q1
C7: Is your company a member of the local Chamber of Commerce? Answered: 56 Skipped: 0
C7: Is your company a member of the local Chamber of Commerce?
Yes No Don't know
Answer choices C7: Is your company a member of the local Chamber of Commerce?
Yes 68% 38
No 30% 17
Don't know 2% 1
Total 56
Average net balance (%): -16%
Confidence: BALANCED