Business Tendency Survey June 2018

Wednesday 18 July 15:31

The quarterly Jersey Business Tendency Survey (BTS) 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.

In June 2018:

the headline all-sector business activity indicator was +25 percentage points (pp); this means the proportion of businesses reporting an increase was 25 pp greater than those reporting a decrease

the business activity indicator increased by 9 pp over the last three months

six out of the eight current indicators were positive; the exceptions were the profitability indicator which was neutral, and the input costs indicator which was negative

the only current indicator to change by 10 pp or more was profitability; in March this indicator was -9 pp, and rose to a neutral +1 pp in June

the profitability indicator was positive (+17 pp) for the finance sector, but slightly negative for the non-finance sector (-5 pp), leading to a neutral +1 pp for the all-business indicator

over half (55%) of companies reported higher input costs, producing a strongly negative indicator of  54 pp; this was more pronounced for non-finance companies, where almost two-thirds (64%) saw higher costs

the outlook for future business activity was strongly positive (+25 pp), with the finance sector being considerably more positive than other sectors (+54 pp and +14 pp respectively)

the future employment outlook was positive, and was also driven by the strongly positive finance sector

the finance sector was positive about future profits and employment, with 86% of companies expecting increased profits for 2018 and two-thirds (64%) expecting to increase employment

Business Tendency Survey Report for June 2018

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