Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Business Tendency Survey results published

18 October 2023

​Statistics Jersey have today published the results of the September 2023 Business Tendency Survey.

This quarterly survey provides timely, qualitative information about the Island’s economy. Chief executives and managing directors are asked for their opinions on the current situation of their business compared to three months earlier and their expectations for the next three months.

Business activity indicator

  • the headline all-sector business activity indicator was neutral, at +1 percentage point (pp); this means the proportion of businesses that reported an increase was 1 pp higher than those that reported a decrease
    • the business activity indicator was moderately positive for the finance sector (+15 pp) and neutral for the non-finance sector (-4 pp)

Current indicators

  • one of the eight current indicators was extremely negative (input costs), one indicator was strongly negative (profitability), while one indicator was strongly positive (product prices). The other five current indicators were neutral
    • for the finance sector, there was one extremely negative indicator (input costs), and there were six positive indicators: two strongly positive and four moderately positive whilst the other indicator was neutral (profitability)
    • for the non-finance sector, one of the eight current indicators was extremely negative (input costs), one was strongly negative (profitability), and two were moderately negative (new business and business optimism); in contrast, one indicator was strongly positive (product prices) and the other three were neutral
  • the overall picture was essentially the same as last quarter; the only notable change was a moderate decrease in the business activity indicator

Outlook for next quarter – the three months to December 2023

  • the outlook for future business activity was moderately positive (+20 pp) 
    • the indicator balance was strongly positive for finance (+47 pp) and neutral for non finance (+8 pp)
  • the overall future employment outlook was moderately positive (+14 pp)
    • the indicator was strongly positive for finance (+46 pp) and neutral for non finance (+1 pp)
  • the overall future input costs outlook was extremely negative (-61 pp)
    • the indicator was strongly negative for finance (-34 pp) and extremely negative for non-finance (-72 pp) 
  • the overall future product prices outlook was strongly positive (+34 pp)
    • the indicator was moderately positive for finance (+20 pp) and strongly positive for non finance (+39 pp)

Read the full report.

Our sites
Back to top
rating button