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Bank of Ireland Economic Pulse rises in March
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One in three firms here say they expect business activity to decline in the next three months, according to the latest Economic Pulse from Bank of Ireland.
The Business Pulse came in at 61.9 this month, down 9.3 on December as Level 5 restrictions were again imposed across the country.
Nonetheless, three in five firms plan on expanding in the next one to three years with the Covid-19 vaccine and clarity on the nature of the post-Brexit trading relationship reducing uncertainty.
The Bank of Ireland Economic Pulse combines the results of data tracking consumer and business sentiment into a single index. Sentiment can indicate how willing a person or firm is to spend and invest.
Irish consumer and business sentiment picks up in December Bank of Ireland Economic Pulse was up 3.2 on last month but down 12.8 on a year ago
Tue, Dec 29, 2020, 05:56
Irish consumer and business sentiment improved in December as the State exited Level 5 Covid-19 restrictions and positive vaccine news lifted the spirts of households and firms, according to Bank of Ireland.
The Bank of Ireland Economic Pulse came in at 70.2 in December 2020. The index, which combines the results of the consumer and business pulses, was up 3.2 on last month but down 12.8 on a year ago.
“The December Economic Pulse benefitted from the reopening of the economy at the start of the month. Consumer and business sentiment both tracked higher as households and firms geared up for the festive season and took comfort from developments on the Covid vaccine front,” said Loretta O’Sullivan, Bank of Ireland’s chief economist.
Bank of Ireland s Economic Pulse picks up in December
Updated / Tuesday, 29 Dec 2020
10:35
The Bank of Ireland Economic Pulse came in at 70.2 in December, an increase of 3.2 on last month
The latest Bank of Ireland Economic Pulse increased in December, with both consumer and business sentiment improving against a mixed economic backdrop.
The Bank of Ireland Economic Pulse came in at 70.2 in December, an increase of 3.2 on last month but down 12.8 on a year ago.
Bank of Ireland said the backdrop to the December survey was mixed with the fieldwork carried out as the country exited a six week period of Level 5 restrictions and as plans for the rollout of a Covid-19 vaccine were being drawn up.
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