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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

24 April 2024

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

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 a decrease was 1 pp lower than those that reported an increase.
    • the business activity indicator was moderately positive for the finance sector (+17 pp) and neutral for the non-finance sector (-9 pp)

Current indicators

  • One of the eight current indicators was strongly positive (product prices), one indicator was moderately positive (employment), one indicator was extremely negative (input costs), and one indicator was strongly negative (profitability), while the other four current indicators were neutral.
    • for the finance sector, there were six positive indicators: four strongly positive and two moderately positive, whilst there was one extremely negative indicator (input costs) and one moderately negative indicator (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 (capacity utilisation 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 increase in the business optimism indicator.

Outlook for next quarter – the three months to June 2024

  • The outlook for future business activity was moderately positive (+23 pp). 
    • the indicator balance was extremely positive for finance (+53 pp) and neutral for non finance (+8 pp)
  • The overall future employment outlook was moderately positive (+17 pp).
    • the indicator was strongly positive for finance (+41 pp) and neutral for non finance (+5 pp)
  • The overall future input costs outlook was extremely negative (-62 pp).
    • the indicator was extremely negative for both finance (-55 pp) and non finance (-65 pp) 
  • The overall future product prices outlook was strongly positive (+40 pp).
    • the indicator was strongly positive for both finance (+26 pp) and non finance (+47 pp)

Business Tendency Survey - March 2024

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