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Business Pulse

Business Pulse

March 2020

The Business Pulse fell 18.6 in March 2020 to 68.4, the weakest print in the series’ four year history. The Services Pulse was down very sharply on the month and the Retail and Construction Pulses also saw steep drops, while the Industry Pulse was little changed. With the public health pandemic starting to disrupt economic life, firms in all sectors reported some softness in the recent trading period and significantly marked down their expectations for business activity over the coming three months. Hiring plans were scaled back too and in the retail sector, the share of firms expecting to lay off staff moved ahead of the share expecting to increase employment meaning net job losses in the period ahead.

Business Pulse

March 2020

Key Points

  • Big drop in Business Pulse in March
  • Firms lower near-term expectations for business activity
  • And hiring

Business Pulse

March 2020

Business Pulse

March 2020

68.4

-18.6 on previous index reading

Business Pulse

March 2020

”It was a new low for the Business Pulse in March, with services leading the downward charge.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Business Pulse

March 2020

Sector Snapshot

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