Summer 2010 KBC Bank Ireland / Chartered Accountants Ireland Business Sentiment Survey
13 July 2010
Summer 2010 KBC Bank Ireland / Chartered Accountants Ireland Business Sentiment Survey
Irish Economy Growing Again as ‘Feel Bad’ Factor Fades…
… But ‘Feel good’ Still Some Distance Away.
Main Points
- Business sentiment points towards positive GNP growth in second quarter.
- Increased business activity suggests modest growth is underway.
- Fewer firms expect activity to decline but no great surge expected.
- Manufacturing and business services remain the key drivers of improvement with Construction still suffering.
- Job cuts continue but are far less widespread.
- Irish business notably more optimistic about general economic outlook.
- 69% of firms cut pay in past two years but only 13% in past 3 months.
- 36% of companies say weaker Euro has helped but 23% say it hurt.
You can download the full Summer 2010 briefing.
