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Confidence increasing in Republic, KBC survey reveals

By Paul O'Donoghue

Published 07/05/2015

Among the respondents to the survey, 70 per cent were positive on the wider state of the Republic
Among the respondents to the survey, 70 per cent were positive on the wider state of the Republic

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.

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