Summer 2011 KBC Bank Ireland Chartered Accountants Ireland Business Sentiment Survey
20 July 2011
Summer 2011 KBC Bank Ireland Chartered Accountants Ireland Business Sentiment Survey
Irish Economy Hitting A Soft Patch?
Main Points:
- Irish economy still negotiating a difficult and lengthy adjustment. The absence of a ‘straight line’ recovery is hurting business sentiment.
- Conditions vary considerably by sector but activity levels overall slipped marginally in past three months.
- Modest improvement expected in activity in coming quarter as patchy and uneven turn continues.
- Employment declines slightly as new hiring remains subdued while layoffs decline.
- Uncertainty about 1-2 year outlook has increased significantly in past three months and may be weighing on business expansion and hiring plans.
- Half of businesses surveyed now see downturn lasting more than two more years.
- 18% of companies see recent Government jobs initiative boosting employment levels in their businesses.
You can download the full Summer 2011 briefing
