Jersey businesses are facing increased costs and skills shortages, according to new figures.
Statistics Jersey published the Business Tendency Survey numbers for December, which highlighted how costs are expected to continue rising in the next few months local firms.
To establish how business is doing, Statistics Jersey sent a survey to over 500 businesses, with 60% responding.
Costs rise for businesses
The report found that 48% of businesses saw their non-labour costs go up.
More businesses reported costs were rising than falling – with labour costs up 33 percentage points and non-labour costs up 43 percentage points.
Profitability was down by 23 percentage points.
Meanwhile, the biggest limiting factors that businesses cited were staff and skills shortages, lack of demand and regulation.
Staff and skills shortages were cited by 52% of surveyed…
