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Business Pulse

Business Pulse

January 2019

At 88.0 in January 2019, the Business Pulse was flat on the month but down 3.0 on a year ago. The Industry and Services Pulses posted softer readings this month, while the Construction Pulse was broadly unchanged and the Retail Pulse gained a little ground. Brexit uncertainty continued to weigh on sentiment, with the weak pound also impacting the competitiveness of firms selling into the UK market and contributing to some easing in export orders in the industry and services sectors. More positively though, the January data show that almost two thirds of businesses remain on a growth trajectory and have ambitions to expand – some aggressively, some more cautiously – over the next 1 to 3 years.

 

Business Pulse

January 2019

Key Points

  • Business Pulse flat in January
  • Brexit woes but growth ambitions hold up
  • Pay increases in prospect

Business Pulse

January 2019

Business Pulse

January 2019

88.0

-0.1 on previous index reading

Business Pulse

January 2019

”On the wage front, 44% of firms are planning on increasing basic pay over the next 12 months, while 47% of workers are expecting a pay rise.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Business Pulse

January 2019

Sector Snapshot

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