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 (Q3 2018) shows that trade has remained resilient over the past quarter reflected in the number of companies continuing to grow (41%.)
This quarter’s Business Monitor again highlights the higher growth performance of exporters and cross-border traders, almost half of all firms that trade across the border are growing, with 30% experiencing rapid growth in sales, compared to just 18% that do not export.
41% of businesses continuing to grow
Cross-border trading increases a business’s probability of growing rapidly by over 60%
54% of SMEs say reporting issues with rising costs of overheads
41% of larger firms (50+ employees) reporting skills shortages within their sector
42% of exporters reporting a negative ‘Brexit’ impact on sales
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%