Business confidence surged in the fourth quarter of 2024, compared to the third quarter of last year.

Executive Chairman of Market Research Services Limited, Don Anderson, says there were several reasons for the improved confidence.

The upward momentum was driven by increased optimism about the economy, improvements in firms’ financial performance, greater confidence in future profits and heightened optimism about the investment climate.

Mr. Anderson says there was a 12.9%  improvement in how businesses felt about the economy.

Meantime, consumer confidence also increased by just under 4% over the same period.