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Winter 2011 KBC Bank Ireland Chartered Accountants Ireland Business Sentiment Survey

21 December 2011

Winter 2011 KBC Bank Ireland Chartered Accountants Ireland Business Sentiment Survey

Euro Worries Weigh On Irish Business But Budget Wins Some Support

Main Points:

  • Business activity slips again in final quarter of 2011.
  • Firms see only marginal improvement in business volumes in early 2012.
  • Concerns about broader economic outlook increase markedly. (Weakest result since Spring 2009.)
  • Euro crisis seen as key influence on Irish business prospects.
  • Budget 2012 divides opinions but majority feel scale of tax increases and shift towards indirect taxation is correct.
  • Budget property measures will help… a little.
  • Business expects Irish economy will see relatively modest improvement by 2015.

You can download the full Winter 2011 briefing.

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