abelianBCCI - Business Outlook 2015 Q1 - Barbados

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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

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BARBADOS



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




Deteriorated 43% 23

Improved 7% 4

Total 54


Confidence: LOW

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS



Business Conditions in 12 months’ time will have?


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Remained the same

Deteriorated

Improved




Deteriorated 42% 23

Improved 29% 16

Total 55 Net balance (%): -13%

Confidence: BALANCED

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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

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BARBADOS


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?


Increased 69% 38

Decreased 7% 4


Confidence: VERY LOW

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Increased 31% 17

Decreased 7% 4


Confidence: LOW

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Decreased 22% 12

Increased 42% 23

Total 55 Net balance (%): +20%


Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Decreased 29% 16

Increased 29% 16

Total 55

Net balance (%): +0%


Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Decreased 22% 12

Increased 22% 12

Total 55



Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


B4: With regard to Your Business, how do you expect the Price of your

good/service to have changed in 3 months’ time?


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?


Decreased 9% 5

Increased 11% 6



Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Decreased 22% 12

Increased 20% 11



Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Decreased 13% 3

Increased 38% 9


Confidence: MODERATE

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


B7: With regard to Your Business, how do you expect Capacity Utilization

to have changed in 3 months’ time?


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?


Decreased 12% 3

Increased 31% 8

Total 26



Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Decreased 20% 2

Increased 20% 2

Total 10



Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Decreased 55% 6

Increased 9% 1

Total 11


Confidence: LOW

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Decreased 27% 3

Increased 36% 4

Total 11



Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?


Harder 57% 24

Easier 2% 1

Total 42


Confidence: LOW

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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


Confidence: LOW

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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


Confidence: LOW

Confidence Range


-20 +20 +60 +100-100 -60

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BARBADOS


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?

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BARBADOS


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

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BARBADOS


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?

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BARBADOS


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

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BARBADOS


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

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BARBADOS


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.

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BARBADOS


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

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BARBADOS


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%


abelianBCCI - Business Outlook 2015 Q1 - Barbados

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