Download Business

Business Pulse

Business Pulse

January 2020

The Business Pulse came in at 86.9 in January 2020, up 2.4 on December’s reading but down 1.1 on a year ago. The four sectoral Pulses rose this month as some of the fog surrounding the Brexit process lifted. The pound has also rallied against the euro and with global trade tensions easing as well, industrial and services firms expect their export order books to strengthen in the period ahead. On the pay front, the January survey finds that just over two in five businesses are planning on increasing basic wages in the next 12 months – to the tune of 3.6% on average – while on the growth front, three in five have ambitions to expand in the next 1 to 3 years.

Business Pulse

January 2020

Key Points

  • Business Pulse up in January
  • 43% of firms to raise pay over the coming year
  • Three in five on a growth trajectory

Business Pulse

January 2020

Business Pulse

January 2020

86.9

+2.4 on previous index reading

Business Pulse

January 2020

”With the economy effectively at ‘full employment’ wage increases are on the cards for many in 2020.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Business Pulse

January 2020

Sector Snapshot

boi063a_pdf_images_03a_table