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%