Statistics Jersey has today published the September Business Tendency Survey (BTS) report.
This survey has recently been reinstated and, following consultation with key stakeholders – including the Fiscal Policy Panel and the Government of Jersey Economics Department – has been updated to better reflect user needs. As a result the revised survey places greater emphasis on future expectations and capacity utilisation / workload pressures.
September 2025 Headlines:
- the all-sector business activity indicator was moderately negative, with a balance of -12 percentage points (pp)
- the expectation for future business activity was neutral, with a balance of +9 pp
- labour and non-labour costs were reported as increasing by close to half of businesses, resulting in balances of +36 pp and +29 pp respectively; future expectations for December were similar
- businesses said the main factor limiting them was staff and/or skill shortages, with over half (54%) citing this as a constraint
- in respect of sectoral differences:
- in the finance sector, current conditions were mostly neutral, but firms expect an increase in activity and profitability over the next three months
- in the non-finance sector, cost pressures are more pronounced, and firms expect continued increases in input costs and prices, and decreases in profitability
Statistics Jersey welcomes feedback on the survey and report via info@stats.je.