Page 1

2015 Survey of Economic Expectations 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

A1.1: With regard to the Barbados Economy, do you believe that General Business Conditions in 3 months' time will have?

Improved

Deteriorated

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices A1.1: With regard to the Barbados Economy, do you believe that Ge Remained the same 58% 32 Deteriorated 36% 20 Improved 5% 3 Total 55 Net balance (%): -31% Confidence: LOW Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 1 of 27

High +100


2015 Survey of Economic Expectations 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

A1.2: With regard to the Barbados Economy, do you believe that General Business Conditions in 6 months' time will have?

Improved

Deteriorated

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices A1.2: With regard to the Barbados Economy, do you believe that Ge Remained the same 50% 27 Deteriorated 43% 23 Improved 7% 4 Total 54 Net balance (%): -35% Confidence: LOW Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 2 of 27

High +100


2015 Survey of Economic Expectations 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

A1.3: With regard to the Barbados Economy, do you believe that General Business Conditions in 12 months' time will have?

Improved

Deteriorated

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices A1.3: With regard to the Barbados Economy, do you believe that Ge Remained the same 29% 16 Deteriorated 42% 23 Improved 29% 16 Total 55 Net balance (%): -13% Confidence: BALANCED Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 3 of 27

High +100


2015 Survey of Economic Expectations BARBADOS Business Outlook 2015 Q1 A2: What do you think the annual Inflation Rate will be in 12 months’ time? Answered: 47

Skipped: 9

A2: What do you think the annual Inflation Rate will be in 12 months' time? 60% 50%

40% 30% 20% 10% 0% 0-2

3-4

5-6

Answer choices 0-2 3-4 5-6 7-8 9-10

7-8

9-10

A2: What do you think the annual Inflation Rate will be in 12 month 49% 23 36% 17 11% 5 0% 0 4% 2

Page 4 of 27


2015 Survey of Economic Expectations 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

A3.1: How do you expected the Unemployment Rate to have changed in 12 months' time?

Decreased

Increased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices A3.1: How do you expected the Unemployment Rate to have changed Remained the same 24% 13 Increased 69% 38 Decreased 7% 4 Total 55 Net balance (%): -62% Confidence: VERY LOW Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 5 of 27

High +100


2015 Survey of Economic Expectations BARBADOS Business Outlook 2015 Q1 A3.2: How do you expected Interest Rates to have changed in 12 months’ time? Answered: 55

Skipped: 1

A3.2: How do you expected Interest Rates to have changed in 12 months' time?

Decreased

Increased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices A3.2: How do you expected Interest Rates to have changed in 12 mo Remained the same 62% 34 Increased 31% 17 Decreased 7% 4 Total 55 Net balance (%): -24% Confidence: LOW Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 6 of 27

High +100


2015 Survey of Economic Expectations 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

B1: With regard to Your Business, how do you expect Real Business Activity to have changed in 12 months' time?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B1: With regard to Your Business, how do you expect Real Business Remained the same 36% 20 Decreased 22% 12 Increased 42% 23 Total 55 Net balance (%): +20% Confidence: BALANCED Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 7 of 27

High +100


2015 Survey of Economic Expectations 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

B2: With regard to Your Business, how do you expect Real Profits to have changed in 12 months' time?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B2: With regard to Your Business, how do you expect Real Profits to Remained the same 42% 23 Decreased 29% 16 Increased 29% 16 Total 55 Net balance (%): +0% Confidence: BALANCED Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 8 of 27

High +100


2015 Survey of Economic Expectations 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

B3: With regard to Your Business, how do you expect Employment to have changed in 12 months' time?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B3: With regard to Your Business, how do you expect Employment t Remained the same 56% 31 Decreased 22% 12 Increased 22% 12 Total 55 Net balance (%): +0% Confidence: BALANCED Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 9 of 27

High +100


2015 Survey of Economic Expectations 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

B4: With regard to Your Business, how do you expect the Price of your good/service to have changed in 3 months' time?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B4: With regard to Your Business, how do you expect the Price of yo Remained the same 80% 44 Decreased 9% 5 Increased 11% 6 Total 55 Net balance (%): +2% Confidence: BALANCED Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 10 of 27

High +100


2015 Survey of Economic Expectations 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

B5: With regard to Your Business, how do you expect Investment in buildings, plant and equipment to have changed in 12 months' time?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B5: With regard to Your Business, how do you expect Investment in Remained the same 58% 32 Decreased 22% 12 Increased 20% 11 Total 55 Net balance (%): -2% Confidence: BALANCED Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 11 of 27

High +100


2015 Survey of Economic Expectations 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

B6: With regard to Your Business, how do you expect Real Exports to have changed in 12 months' time?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B6: With regard to Your Business, how do you expect Real Exports t Remained the same 50% 12 Decreased 13% 3 Increased 38% 9 Total 24 Net balance (%): +25% Confidence: MODERATE Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 12 of 27

High +100


2015 Survey of Economic Expectations 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

B7: With regard to Your Business, how do you expect Capacity Utilization to have changed in 3 months' time?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B7: With regard to Your Business, how do you expect Capacity Utiliz Remained the same 58% 15 Decreased 12% 3 Increased 31% 8 Total 26 Net balance (%): +19% Confidence: BALANCED

Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 13 of 27

High +100


2015 Survey of Economic Expectations 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

B8: With regard to Your Business, how do you expect Investment in Livestock to have changed in 12 months' time?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B8: With regard to Your Business, how do you expect Investment in Remained the same 60% 6 Decreased 20% 2 Increased 20% 2 Total 10 Net balance (%): +0% Confidence: BALANCED Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 14 of 27

High +100


2015 Survey of Economic Expectations 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

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?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B9: If your business is involved in Construction, how do you expect Remained the same 36% 4 Decreased 55% 6 Increased 9% 1 Total 11 Net balance (%): -45% Confidence: LOW Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 15 of 27

High +100


2015 Survey of Economic Expectations 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

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?

Increased

Decreased

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices B10: If your business is involved in Construction, how do you expec Remained the same 36% 4 Decreased 27% 3 Increased 36% 4 Total 11 Net balance (%): +9% Confidence: BALANCED Confidence Range

Very low -100 -60

Low

Balanced -20

Moderate +20 +60

Page 16 of 27

High +100


2015 Survey of Economic Expectations BARBADOS Business Outlook 2015 Q1 B11: Will it be easier or harder to get credit in 12 months’ time? Answered: 42

Skipped: 14

B11: Will it be easier or harder to get credit in 12 months time?

Easier

Harder

Remained the same

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

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 -100 -60

Low

Balanced -20

Moderate +20 +60

Page 17 of 27

High +100


2015 Survey of Economic Expectations 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

C1: How has your business performed over the LAST 6 months relative to the previous 6 months? Much stronger

Somewhat stronger

About the same

Somewhat weaker

Much weaker

0%

10%

20%

30%

40%

Answer choices Much weaker Somewhat weaker About the same Somewhat stronger Much stronger Total

50%

60%

70%

80%

90%

C1: How has your business performed over the LAST 6 months rela 24% 13 29% 16 35% 19 7% 4 5% 3 55

Net balance (%): -40% Confidence: LOW Confidence Range

Very low -100 -60

Low

Balanced -20

100%

Moderate +20 +60

Page 18 of 27

High +100


2015 Survey of Economic Expectations 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

C2: How do you believe your business will perform in the NEXT 6 months compared with the last 6 months? Much stronger

Somewhat stronger

About the same

Somewhat weaker

Much weaker

0%

10%

20%

30%

40%

Answer choices Much weaker Somewhat weaker About the same Somewhat stronger Much stronger Total

50%

60%

70%

80%

90%

C2: How do you believe your business will perform in the NEXT 6 m 16% 9 39% 22 38% 21 2% 1 5% 3 56

Net balance (%): -48% Confidence: LOW Confidence Range

Very low -100 -60

Low

Balanced -20

100%

Moderate +20 +60

Page 19 of 27

High +100


2015 Survey of Economic Expectations BARBADOS Business Outlook 2015 Q1 C3: In your opinion, what are the major constraints on the growth of your business? Answered: 54

Skipped: 2

C3: In your opinion, what are the major constraints on the growth of your business? Reduced demand for exports Shortage of commercial land

Availability of skilled workers Transport infrastructure Access to training Licensing and regulations

Limited supply of production… Broadband and information… Increased competition from… Difficulties in obtaining finance…

Environmental catastrophes… Problems with government… Global economic performance

Regional economic performance National economic performance Declining visitor numbers Declining demand…

Declining customer base Price pressure from suppliers Price pressure from competitors Price pressure from customers

Rising production costs Rising transport costs Rising overheads and utility costs

0%

10%

20%

30%

Page 20 of 27

40%

50%

60%

70%

80%

90%

100%


2015 Survey of Economic Expectations BARBADOS Business Outlook 2015 Q1 Answer choices 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 from customers Declining visitor numbers National economic performance Regional economic performance Global economic performance Problems with government planning regulations Environmental catastrophes (hurricanes, flooding, earthquakes etc.) Difficulties in obtaining finance /extending credit facilities Increased competition from low cost imports Broadband and information technology access Limited supply of production materials and/or product Licensing and regulations Access to training Transport infrastructure Availability of skilled workers Shortage of commercial land Reduced demand for exports

Page 21 of 27

C3: In your opinion, what are the major constraints on the g 28% 15 6% 3 11% 6 48% 26 35% 19 15% 8 26% 14 48% 13% 65% 15% 19%

26 7 35 8 10

24%

13

0%

0

19%

10

22%

12

6%

3

4% 22% 0% 7% 20% 0% 4%

2 12 0 4 11 0 2


2015 Survey of Economic Expectations BARBADOS Business Outlook 2015 Q1 C4: What is the most important problem facing your firm? Answered: 54

Skipped: 2

C4: What is the most important problem facing your firm? Access to finance Cashflow/Debtors Competition from‌ Exchange rate High rates of pay Inflation Interest rates Internal Management‌ Lack of skilled employees Low turnover

Premises/Rent/Rates Regulation & Paperwork Shortages of supplies Total tax burden 0%

10%

20%

30%

40%

Page 22 of 27

50%

60%

70%

80%

90%

100%


2015 Survey of Economic Expectations 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 23 of 27


2015 Survey of Economic Expectations BARBADOS Business Outlook 2015 Q1 C5: Select the number of employees at your company (including yourself). Answered: 56

Skipped: 0

C5: Select the number of employees at your company (including yourself). less than 10

11 - 50

51 - 100

101 or more

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Answer choices C5: Select the number of employees at your company (including you 101 or more 18% 10 51 - 100 14% 8 11 - 50 34% 19 less than 10 34% 19 Total 56

Page 24 of 27


2015 Survey of Economic Expectations BARBADOS Business Outlook 2015 Q1 C6: Please select which industry your company represents. Answered: 56

Skipped: 0

C6: Please select which industry your company represents. Agribusiness Banking Business services Construction Consulting Education Engineering Entertainment Financial Institution Financial Services Government Health care Information Systems Insurance Legal Manufacturing Media/Publishing Non-profit association Other Public accounting Real Estate Retail Technology Telecommunications Tourism Transportation Utilities Wholesale 0%

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

Page 25 of 27


2015 Survey of Economic Expectations 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 26 of 27


2015 Survey of Economic Expectations 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 Page 27 of 27

abelianBCCI - Business Outlook 2015 Q1 - Barbados  

Results of the quarterly Business Outlook for Barbados 2015 Q1.

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