Jersey Finance Comment on Jersey Business Tendency Survey

Commenting on the States of Jersey Business Tendency Survey for the fourth quarter of 2017, Geoff Cook, CEO, said:

“There are a broad range of positive indicators in the latest survey about the prospects for the industry, including increasing numbers reporting new business and a positive outlook on recruitment.

A very reassuring finding is that profitability is on the up for more companies in the finance sector, which fuels a more optimistic picture for the future. Over the last three months, a third of businesses in the finance sector reported an increase in profitability compared to only 10% seeing a decrease. In addition, the survey recorded that future employment opportunities will be driven primarily by the finance sector, a reflection of the industry’s vital role in the local jobs market.

While only a snapshot over a three month period, it shows a finance industry which, while resilient to uncertainties elsewhere, not least the outcome of Brexit in the UK, is continuing to build business and support the economy.  A finance industry that is demonstrating optimism in its future is clearly in the Island’s best interests too.”

Read the Jersey Business Tendency Survey report on the States of Jersey website.

Jersey Finance

Email the author: jersey@jerseyfinance.je

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