June 2011 Business Tendency Survey report published

13 July 2011

The Business Tendency Survey (BTS) for June 2011 has been published today by the States of Jersey Statistics Unit.

This latest report shows that:

the headline all-sector Business Activity Indicator was -11 percentage points (pp), implying that the proportion of businesses in Jersey reporting a decline in business activity compared with 3 months previously was 11 pp greater than the proportion reporting an increase. Half of businesses reported ‘no change’
for the finance sector; the profitability indicator was positive for the second consecutive quarter; the employment indicator was neutral for the first time since the survey was introduced; that for future employment has been significantly positive for the last 2 quarters
for the non-finance sectors; 9 of the 10 indicators for the non-finance sectors overall were negative
5 of the 10 indicators for the construction sector were at their most negative levels seen by this survey
7 of the 10 indicators for wholesale and retail were negative