Jersey Finance Sector Upbeat In Latest Survey
by Jason Gorringe, Lowtax.net, London
05 May, 2017
Jersey's latest survey of the island's chief executives and managing directors indicates that business activity for the first quarter of 2017 was broadly positive or stable.
The Business Tendency Survey for March 2017 shows the finance sector was more positive than the non-finance sector about the previous three months to March.
The headline all-sector business activity indicator was positive 18 percentage points, down from 20 previously.
The profitability indicator was negative for every sector but particularly for non-finance companies. Most companies reported higher input costs (producing a strongly negative indicator), particularly in the non-finance sector, where almost two-thirds of businesses are seeing costs increase.
Respondents were strongly positive about future business prospects, with the finance sector being more positive than other sectors. The outlook for future employment is said to be also slightly positive, indicating that employment levels could increase, but a large majority of companies expect no change to hiring levels.
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