Jersey Finance Sector Optimistic About Future Opportunities
By Amanda Banks, Lowtax.net, London
16 October, 2014
The Jersey Government has released its latest quarterly Business Tendency Survey, which shows that business activity in the island increased during the third quarter of this year and businesses are increasingly optimistic about the future.
In September 2014, the headline all-sector Business Activity Indicator was 12 percent, implying that the proportion of businesses in Jersey reporting an increase in business activity compared with three months ago was 12 percent greater than the proportion reporting a decrease.
The Government said that the all-sector Business Activity Indicator remained positive and essentially unchanged from the previous quarter, when the highest level on record was charted.
By a slender margin, the finance sector was generally the most optimistic among all sectors, with 30 percent of finance sector businesses reporting higher business activity during the third quarter, compared with 9 percent reporting a decline. This compares with results of 29 percent and 17 percent, respectively, for the economy as a whole.
In the finance sector, a significantly greater portion of businesses reported an increase also in profitability, employment, prospects for greater future business activity, and – by a smaller margin – future workforce increases.
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