Autumn 2011 KBC Bank Ireland Chartered Accountants Ireland Business Sentiment Survey
02 November 2011
Autumn 2011 KBC Bank Ireland Chartered Accountants Ireland Business Sentiment Survey
Irish Business In ‘Economic Limbo’
Main Points:
- Activity and employment weaken marginally in third quarter.
- Prolonged and uneven stabilisation process is continuing.
- Uncertain economic backdrop weighing on company spending and hiring.
- 1 in 4 firms have significant problems accessing credit with 1 in 6 experiencing a deterioration in the past three months.
- Most businesses against budget package above €3.6 bio as many feel larger adjustment will hurt economy both in short and long run.
- Surprisingly, businesses also report increased confidence in Irish economic prospects. Presumably, near term pain is seen producing longer term progress.
You can download the full Autumn 2011 briefing
