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Business Pulse

Business Pulse

August 2021

At 90.8 in August 2021, the Business Pulse was down 2.1 on July’s reading but 29.9 higher than a year ago. While the Retail Pulse rose this month, the Construction Pulse moved sideways and the Industry and Services Pulses softened. Not only are the big gains from the re-opening of the economy mostly behind us, but businesses are grappling with pandemic and post-Brexit related bottlenecks. These are having spill-over effects, with 88% of builders, 78% of firms in industry, 58% of retailers and 53% of services firms reporting an increase in non-labour input costs over the past three months (all of which are near or series highs), and many saying that they are likely to hike selling prices in the period ahead.

Business Pulse

August 2021

Key Points

  • Business Pulse down in August
  • Costs a concern for firms
  • And putting upward pressure on selling prices

Business Pulse

August 2021

Business Pulse

August 2021

90.8

-2.1 on previous index reading

Business Pulse

August 2021

”Bottlenecks are becoming apparent and impacting a range of business sectors.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Business Pulse

August 2021

Sector Snapshot

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