ARTICLE
12 February 2018

Jersey Finance Comment On Jersey Business Tendency Survey

JF
Jersey Finance Limited

Contributor

Jersey Finance is a not-for-profit organisation formed in 2001 to represent and promote the Island of Jersey’s International Finance Centre. Funded by local financial services firms and the Government of Jersey, Jersey Finance has a presence in Jersey, Dubai, Hong Kong SAR, Johannesburg, London, New York, Shanghai and Singapore.
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.
Jersey Wealth Management

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.

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Twitter - @jerseyfinance
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