Because the calendar turned the web page to 2024, optimism amongst Jamaican shoppers seems to be on the rise, with a rising variety of people considering substantial purchases within the coming 12 months.
The findings of the latest client confidence survey performed by Market Analysis Restricted make clear these statistics.
Trip plans soar within the fourth quarter
In response to Don Anderson, the pinnacle of Market Analysis Restricted, who analyzed the survey outcomes, the fourth quarter of 2023 witnessed a exceptional surge within the variety of Jamaicans planning to spend money on leisure and recreation.
Among the many 600 respondents polled, 44.1 per cent expressed their intent to spend on a trip.
This determine marks a considerable improve when in comparison with the 38.3 per cent recorded within the third quarter of 2023 and the 28 per cent reported in the identical quarter the earlier 12 months.
Homeownership features momentum
Moreover, the survey disclosed a rising want amongst Jamaicans to personal property.
The proportion of respondents trying to buy a home elevated to fifteen.7 per cent, reflecting a gentle upward trajectory.
This determine surpasses the 13.2 per cent reported within the third quarter of 2023 and the 11 per cent recorded within the fourth quarter of 2022.
Rising curiosity in automobiles
The attract of proudly owning a car additionally seems to be gaining floor amongst Jamaican shoppers.
Through the fourth quarter of the earlier 12 months, 26 per cent of respondents expressed their intent to buy a car. This represents an upward shift from the 23 per cent reported within the third quarter of 2023 and the 18.3 per cent recorded within the fourth quarter of 2022.
