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Good news: Companies in Ireland feel like hiring again
Exporting companies are positive about their business prospects over the next year.
MORE BUSINESSES IN Ireland plan to hire new staff in the coming months, with a new survey published this morning finding improved confidence among both domestic and foreign companies.
The Ibec Business Sentiment Survey found that hiring intentions have reached +16 and employment growth expectations among exporting firms jumped to +21.
The hiring intentions of Irish employers also improved considerably from -6 in the last survey to +10. Managers’ confidence in the Irish business environment reached a second successive record high at +35, up from +17 only three months before
Their future outlook was also high recording a reading of +38 signalling an expectation of improving conditions as we start the new year.
Furthermore, the survey found an increase in order books to +46 from +15 last year.
Ibec’s Head of Policy and Chief Economist, Fergal O’Brien said this “should lead to further reductions in unemployment, on the back of already very positive job growth last year”.
The challenge is to keep the positive momentum going. We must now look to reduce the burden of tax on the economy by reducing personal tax rates in the next budget.
“We also need to invest more in the future,” he said. “We still have significant infrastructure gaps that need to be urgently addressed.”
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