December 2012 Business Tendency Survey published

The report on the Business Tendency Survey (BTS) for December 2012 has been published today by the States of Jersey Statistics Unit. The survey provides qualitative information about the Island’s economy.

 

The latest report shows that the headline all-sector Business Activity Indicator was -19 percentage points (pp), implying that the proportion of businesses in Jersey reporting a decline in business activity compared with three months previously was 19 pp more than the proportion reporting an increase. More than two-fifths of all businesses reported ‘no change’.

 

The all-sector Business Activity Indicator, although significantly negative, showed marginal improvement compared to the previous two quarters, which had been the most negative to date for this indicator.

 

The Jersey Business Tendency Survey (BTS) is a quarterly survey which provides qualitative information about the Island’s economy in a timely manner. It enables a set of indicators to be produced that can be used to monitor economic performance.

The survey covers private sector businesses in Jersey. It asks the chief executive or managing director of sampled businesses for their opinions on the current situation of their business compared to three months previously and also for their expectations for the next three months.