Ammon – The Jordanian Investor Confidence Index, issued by the Jordan Strategies Forum, witnessed a decline of 4.4%, to 179.0 points in the first quarter of 2023, after its value was 187.3 points in the fourth quarter of 2022.
In all, the index of confidence in economic activity decreased from 188.6 points in the fourth quarter of 2022 to 181.1 points in the first quarter of 2023.
The growth rate of gross domestic product was about 2.8% in the first quarter of 2023, while the growth rate was 2.5% during the same quarter of 2022, and about 2.0% during the fourth quarter of 2022.
The budget deficit after grants amounted to about 382.9 million dinars in the first quarter of 2023, while the deficit amounted to approximately 145.7 million dinars in the fourth quarter of 2022, and about 345.8 million dinars in the first quarter of 2022.
The value of foreign direct investment inflows amounted to approximately 175.2 million dinars in the first quarter of 2023, while inflows recorded a value of 170.9 million dinars during the fourth quarter of 2022, and about 284.4 million dinars in the first quarter of 2022.
The industrial production index reached about 88.6 in the first quarter of 2023.
The confidence index in the monetary system declined from 172.1 points in the fourth quarter of 2022 to 160.3 points in the first quarter of 2023.
The value of foreign currency reserves of the Central Bank decreased from 12.24 billion dinars in the fourth quarter of 2022 to 11.93 billion dinars in the first quarter of 2023, a decline of 2.5%.
The interest rate difference between the dinar and the dollar increased from 2.40% in the fourth quarter of 2022 to 2.48% in the first quarter of 2023.
The value of returned checks decreased by 18%, from 354.8 million dinars in the fourth quarter of 2022 to 291.0 million dinars in the first quarter of 2023.
The confidence index in the financial system witnessed a decline from 200 points in the fourth quarter of 2022 to 193.6 points in the first quarter of 2023.
The stock index increased by 233.2 points compared to the previous quarter, to reach 4,963.6 points in the first quarter of 2023.
The percentage of shares purchased on the ASE from foreign investors to shares sold decreased to 84.7% in the first quarter of 2023, compared to 159.9% in the fourth quarter of 2022.
While the value of credit granted to the private sector increased to reach 30.08 billion dinars in the first quarter of 2023, an increase of 1.8% compared to the previous quarter.