The largest and most comprehensive business survey on the island
InterTradeIreland’s quarterly All-Island Business Monitor (AIBM) is the largest and most comprehensive business survey on the island, covering business owner’s views from both Northern Ireland and Ireland. A robust sample of more than 750 telephone interviews are conducted each quarter from SMEs across a range of sectors. The survey has a lengthy time series of seven years and tracks all-island economic indicators such as sales, employment, business outlook and other specific topical issues on a quarterly basis.
The latest InterTradeIreland Business Monitor (Q1 2019) reveals a continuing pattern of businesses deferring decisions and stalling investments against the backdrop of Brexit. Some of the key stats are outlined below.
11 per cent of business planned to increase levels of staff training in Q1 2019, compared to 17 per cent in the same period last year
31 per cent say that Brexit is having a negative impact on investment decisions.
6 per cent of firms planning to spend on research and development over the next 12 months.
34 per cent of micro firms recording profit margins of less than five per cent.
89 per cent have not increased or decreased staff in the past quarter.
18 per cent of firms have seen sales increase, while 16 per cent have experienced a drop
However, the latest figures point to a slowing down in the performance of cross-border traders, with only 18 per cent reporting an increase in sales in Q1 2019, compared to 26 per cent in the previous quarter, a drop of over 40 per cent. Close to half of cross-border traders (44 per cent) say they have been negatively impacted by Brexit.