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 (Q4 2018) points to the fact that SMEs are growing wary of a range of challenges facing them.
With Brexit dominating both the political and business landscape, many SMEs are operating in an environment of uncertainty. This is particularly true for cross-border traders and has been put into sharp focus by their performance in Q4.
44% of SMEs are worried about Brexit
Rising costs are a concern for over a third of SMEs (36%)
1 in 5 firms are struggling to recruit people with the right skills
9% of cross-border traders reported rapid growth in the period of Oct-December 2018, a 46% drop in growth from Q2 2018
Only 14% of firms plan to invest in new plant or equipment
The latest quarterly InterTradeIreland All-Island Business Monitor Report AIBM (April-June 2018) shows that the number of firms across the island reporting growth remains high, and in fact, is at the highest level since 2011 (46%).
However, once you dig behind this top-line figure, the economic picture becomes much more complex with significant challenges on the horizon and mixed sentiment across sectors.
As expected in a competitive market there are winner and losers, and it’s not surprising to see increases at both extremes of the spectrum with more firms growing or declining.
Economic landscape remains very competitive. More firms are growing but more are also declining
Main challenges facing businesses are energy and overhead costs
Number of SMES putting measures in place to engage with planning process around Brexit goes up and now stands at close to 20%