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Business Pulse

Business Pulse

April 2022

The Business Pulse stood at 88.7 in April 2022, down 2.5 on last month and 0.1 on a year ago. While the Industry and Services Pulses were little changed this month, the Retail and Construction Pulses saw big drops. Firms in all four sectors pared back near-term expectations for business activity and hiring however. This month’s research also shows some slippage in growth ambitions, with 55% of firms indicating that they plan to expand in the next 1 to 3 years, down from almost three in five in January. Notably though the share intending to scale down hasn’t picked up – instead, more businesses are opting to stay the same size amid ongoing sourcing and staffing challenges and new uncertainties.

Business Pulse

April 2022

Key Points

  • Business Pulse down in April
  • Firms more circumspect about the outlook
  • 36% struggling with labour shortages

Business Pulse

April 2022

Business Pulse

April 2022

88.7

-2.5 on previous index reading

Business Pulse

April 2022

”The Business Pulse lost ground in April but is proving fairly resilient all things considered.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Business Pulse

April 2022

Sector Snapshot

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