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

Business Tendency Survey results published

16 October 2024

​​​Statistics Jersey have today published the results of the Business Tendency Survey for September 2024. 

Chief executives and managing directors were asked for their opinions on the current situation of their business compared to three months earlier and their expectations for the next three months.​

Please note that the Business Tendency Survey was discontinued in September 2024; please see the statement from the Chief Statistician for further details. The statistical publication calendar​ has been updated to remove previously planned release dates after October 2024. 

We would like to thank all respondents for their valuable participation over the years.

Business activity indicator

  • The headline all-sector business activity indicator was moderately positive, at +10 percentage points (pp); this means the proportion of businesses that reported an increase was 10 pp higher than those that reported a decrease.
    • the business activity indicator was strongly positive for the finance sector (+28 pp) and neutral for the non-finance sector (+2 pp)

Current indicators

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

Outlook for next quarter – the three months to December 2024

  • The outlook for future business activity was moderately positive (+19 pp). 
    • the indicator was strongly positive for finance (+46 pp) and neutral for non finance (+7 pp)
  • The overall future employment outlook was moderately positive (+10 pp).
    • the indicator was strongly positive for finance (+40 pp) and neutral for non finance (-3 pp)
  • The overall future input costs outlook was extremely negative (-51 pp).
    • the indicator was strongly negative for finance (-35 pp) and extremely negative for non finance (-58 pp)
  • The overall future product prices outlook was strongly positive (+30 pp).
    • the indicator was moderately positive for finance (+20 pp) and strongly positive for non finance (+35 pp) 
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