Download Business

Business Pulse

Business Pulse

July 2020

The Business Pulse rose for a third consecutive month in July 2020 to 63.4 (this was 7.5 higher than June’s reading but down 19.8 on a year ago). With the country now in phase three of the re-opening roadmap, firms in all four sectors reported an improvement in trading conditions this month. Some caution on the part of consumers, along with mounting speculation about a delay to the move to the fourth phase, looks to have tempered expectations for further near-term gains however. Retailers and firms in industry and services were a bit more downbeat about prospects for business activity over the next three months, with the latter also scaling back their hiring plans for the period ahead.

Business Pulse

July 2020

Key Points

  • Business Pulse rises in July
  • Construction Pulse leads the way
  • Services Pulse bringing up the rear

Business Pulse

July 2020

Business Pulse

July 2020

63.4

+7.5 on previous index reading

Business Pulse

July 2020

”The rebound in business sentiment continued in July, with the sectoral Pulses all up on the month.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Business Pulse

July 2020

Sector Snapshot

boi063a_pdf_images_03a_table