September 2025
In September 2025, the all-sector business activity indicator was moderately negative (-12 percentage points [pp]). Close to half of businesses reported higher labour and input costs compared with three months ago.
All-sector recent indicators, comparing current situation to three months previously
Expectations for December were similar to the current situation, and expectations for business activity were neutral.
The current workload indicator was neutral overall for finance, while for non‑finance it was moderately negative (-11 pp, indicating more businesses have too little work). Hospitality, construction, and wholesale and retail were more negative than other sectors.
Workload indicator, by sector
All-sector recent and future indicators, compared to the balance in September 2024
For breakdowns of industrial sectors, please see the latest report.
Over half of businesses (54) said staff and/or skill shortages were limiting their business.
Limiting factors, all sectors
Of firms that said they have limitations on their business, the most common actions they are taking in response are hiring or upskilling staff (49%) and reducing operational costs (49%).
Actions to address limiting factors, all sectors
For commentary and further breakdowns, please see the latest report.
You can use the following chart to explore the behaviour of past indicators from 2021 to 2024.
Business activity and confidence indicators over time – September 2021 to September 2024
Data sources and methods
The quarterly Jersey Business Tendency Survey (BTS) provides qualitative information about the Island’s economy. The survey asks the chief executive or managing director of private sector businesses for their opinions on the current situation of their business compared to three months earlier and their expectations for the next three months.
The Business Tendency Survey was temporarily discontinued in 2024 following budget reductions to Statistics Jersey. Funding approved in the Government Plan 2025–2028 enabled Statistics Jersey to reinstate one statistician post, allowing the survey to resume from September 2025.
The survey is conducted quarterly, providing timely information on business activity, sentiment, and expectations across the Jersey economy. Publication dates for upcoming reports are available in the Statistics Release Calendar and reports can be accessed at www.stats.je/statistic/business-activity.
The reinstated survey includes several improvements developed in consultation with key users, ensuring the results remain relevant and informative for understanding current economic conditions and future expectations.
For more information about the survey, see the Business Tendency Survey methodology report.
Find data and past reports
Find past reports on our release calendar.
You can find business tendency survey data on the open data website, including results for the 2009-2024 version of the survey.