Press & Media


Spring 2011 KBC Bank Ireland / Chartered Accountants Ireland Business Sentiment Survey

07 April 2011

Spring 2011 KBC Bank Ireland / Chartered Accountants Ireland Business Sentiment Survey

Some Positive Signs But Recovery Remains Uneven

Main Points

  • Irish business activity levels have improved marginally in the past three months with a stronger improvement expected in coming quarter.
  • Conditions continue to vary widely between sectors and firms.
  • Employment falls slightly but new hiring up modestly and layoffs ease
  • Costs rising sharply but weak conditions mean companies set to limit price increases and absorb much of the impact of higher oil prices.
  • 73% of Irish companies expect to be negatively affected by higher ECB interest rates.
  • Interest rate impact to be felt through weaker demand, higher financing costs and further blow to confidence.
  • New Government programme regarded as positive for Irish economic prospects.
  • Significant doubts that 2015 deficit target will be met but renegotiated IMF deal could help. Survey suggests increased policy focus on growth needed.

You can download the full Spring 2011 briefing.

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