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In April 2023 Roy Morgan Business Confidence was 90.2 (down 3.4pts since March) before the RBA raised interest rates last week by +0.25% to 3.85%. Official interest rates are now at their highest for over a decade since May 2012.
The Central Statistics Office (CSO) has highlighted 2020 Irish hospitality sector data in a newly-published Statistical Yearbook of Ireland.
In March 2023 Roy Morgan Business Confidence was 93.6 (down 2.2pts since February) after the RBA raised interest rates for a record tenth consecutive meeting in March, up +0.25% to 3.6%.
In July 2022 Roy Morgan Business Confidence was 94.9 (down 2.4pts since May). This is the third straight monthly fall and the first time the index fell for three straight months since the long lockdowns in New South Wales and Victoria in August 2021.
In March 2022 Roy Morgan Business Confidence plunged by 13.8pts (-12.9%) to 106.7. The large drop in Business Confidence came after the Russian invasion of Ukraine in the last week of February which caused huge price increases for key energy products such as oil, gas and coal.