Jordan Investor Confidence Index drops in March

AMMAN  — The Jordan Investor Confidence Index, published by the Jordan Strategy Forum (JSF), has seen a drop of 1.27 points in March of this year, reaching 85.88 points compared to 87.20 points in February 2018, the Jordan News Agency, Petra, reported.

In a statement issued on Monday, the JSF explained that for the sub-indices, the confidence index in the monetary system slightly decreased by 0.35 points due to the decline in the value of the foreign exchange reserves of the Central Bank for the month of March by JD 167.9 million with a rise in the interest rate to 4.25 per cent.

The confidence index in economic activity decreased by 1.74 points to 121.8 points as the number of registered companies decreased to 525 companies in March 2018, compared with 530 companies registered in February 2018.

The capital of the registered companies decreased in March 2018, compared with the increase in the number of housing licences that slightly rose from 2,205 in February to 2,241 in March, the industrial production index rose 2 points to 85.9, and the Property Sale Tax remained the same since February until March 2018, reaching JD 8.70 million.