There’s been a big increase in the percentage of businesses in Jersey who say they’re optimistic about the future, but there are worries about future profitability, especially in the wholesale and retail sectors.
The details are revealed in the quarterly Jersey Business Tendency Survey which provides a snapshot of the island’s economy as reported by chief executives and managing directors who are asked for their opinions on the state of their business compared to three months earlier, as well as their expectations for the next three months.
The figures for December, just published, show 12% more businesses say activity is growing than those who say its declining, with six of the eight overall indicators remaining positive, with only profitability and input costs remaining a significant concern.
Business optimism indicators were positive and improved from last quarter with more than a quarter of companies said their sector was more optimistic. 8% said they were less optimistic.
The profitability indicator was strongly positive for the finance sector, but negative for all other sectors, especially wholesale and retail.
You can read the full report here.