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Business Pulse

Business Pulse

May 2021

The Business Pulse stood at 92.7 in May 2021, up 3.8 on last month’s reading and 51.3 higher than a year ago. All four sectoral Pulses were firmer this month as the re-opening of the economy progresses. Less positively though, the May data point to growing inflationary pressures, with 78% of construction firms, 67% of firms in industry and 48% of retailers reporting an increase in non-labour input costs in the past three months. These are all series highs and owe much to post-Brexit red tape (with rising global commodity prices also a factor for some). Moreover, some pass-through to consumers looks to be on the cards – just over two thirds of builders and almost half of firms in industry and retail indicated that they expect to raise their selling prices in the near term.

Business Pulse

May 2021

Key Points

  • Business Pulse increases in May
  • Sentiment improves for a fourth successive month
  • Rising costs a concern

Business Pulse

May 2021

Business Pulse

May 2021

92.7

+3.8 on previous index reading

Business Pulse

May 2021

”With some sectors emerging from lockdown and others preparing for lift-off, the Business Pulse rose again this month.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Business Pulse

May 2021

Sector Snapshot

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