Irish Business Sentiment Improves

12 March 2012 14:00 - Jack Stupple

Email Article Print Article

Irish Business Sentiment Improves

IBEC, the principal Irish business lobby group, have released its latest Business Sentiment Report for the first quarter of 2012 today and it shows a substantial improvement in business confidence. The results are welcomed following a sharp decline at the end of 2011. Exporters in particular are confident about the outlook for their business and according to the report 30% plan to hire staff in the next three months.

Confidence in firms’ own business improved from +4 to +16, while the three month outlook jumped from -3 to +18. But the survey found big differences between firms in export sectors and the general economy.  Pharma, medical devices, industrial products, and ICT services are particularly positive. However, retailers and wholesalers recorded a negative reading and 69% of retailers expecting a decrease in sales in the next three months said IBEC. The domestic economy remains in paralysis and needs assistance to return to normal levels of trading. Business confidence in the overall economic environment remains negative at -16 but this is still improved from the previous quarter where the reading was -29.

Economist Fergal O’Brien, said, “Exports continue to drive the recovery and it is crucial that nothing is done to undermine the ability of the Irish companies to trade internationally. In 2012 efforts must focus on restoring more levels of activity in the domestic economy.” He added, “New thinking from the Government and the troika is needed to stimulate consumer activity and get the domestic economy back on track.”


Related Links:
Full analysis of Q1
• Irish Government
Online services
• Economic Calendar
For scheduled economic events
• Latest News
For regular news updates


Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

Everyone in this day in Age has some kind of gadget. lets hope its insured. gadget Insurance
23 August 2018
Which Way To Pay
Making sure our loved Gadgets are covered by gadget Insurance is a must.
As we all know our health is one of the most important things in life . So we need to make sure we are fully covered with the correct Health Insurance.
30 August 2016
Which Way To Pay
Health Insurance is a very important thing that everybody should think about , this also means taking the correct cover for your personal requirements.
New Product Range: Vehicle Loans
22 October 2015
Which Way To Pay
Check Out our latest new product range added to Which Way To Pay: Vehicle Loans