Confidence increasing in Republic, KBC survey reveals
Irish business sentiment has reached its highest levels in eight years as confidence in the economy continues to improve, according to a new study.
Almost two-thirds of companies surveyed for the KBC Bank Ireland/Chartered Accountants Ireland Business Sentiment Index reported an increase in business activity in the Republic for the first quarter of the year, while 27% reported no change.
The results for the first quarter of the year were the strongest recorded since the inception of the survey eight-and-a-half years ago. Respondents were also positive on the wider state of the country, with 70% feeling optimistic while just 3% were pessimistic.
However, 10% of companies did record a dip in their level of business over the three-month period.