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Jersey Finance Sector Optimistic, Survey Says

by Jason Gorringe, Lowtax.net, London
10 February, 2017

Jersey's latest Business Tendency Survey for the quarter ending December 2016 was broadly positive, with similar expectations for the three months ahead.

The Survey, covering private sector businesses in Jersey, asked chief executives or managing directors for their opinions on the current situation of their business compared to three months earlier and their expectations for the next three months.

The Survey's December 2016 headline all-sector business activity indicator showed the proportion of businesses reporting an increase in activity was 20 percentage points greater than those reporting a decrease.

The profitability indicator was positive for the finance sector but negative for the non-finance sector. The majority of companies reported increased input costs, particularly in the non-finance sector.

The Survey shows that the finance sector was generally more positive than the non-finance sector about the future outlook (next three months), with the outlook for future profits in the finance sector positive for both the short term (next three months) and long term (next 12 months).

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