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Business Pulse

Business Pulse

May 2020

The Business Pulse recovered some ground in May 2020, coming in at 41.5. This was up 11.9 on last month’s all-time low but down 49.1 on a year ago. While firms in the four sectors were extremely downbeat about the recent trading period and remained gloomy about near-term prospects for business activity and hiring, the proposed timetable for the lifting of the COVID-19 restrictions has provided some clarity, prompting them to take a slightly less negative view of the outlook this month. The May survey also finds that non-labour input cost pressures have softened over the past three months, and points to downward pressure on selling prices in the period ahead amid generally muted consumer demand.

Business Pulse

May 2020

Key Points

  • Business Pulse rises in May
  • All sectoral Pulses see some rebound
  • But readings remain weak

Business Pulse

May 2020

Business Pulse

May 2020

41.5

+11.9 on previous index reading

Business Pulse

May 2020

”Businesses are clearly worried about the here and now but were a little less negative about the outlook this month.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Business Pulse

May 2020

Sector Snapshot

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