ITI Business Monitor Released
23rd November 2016
The latest quarterly Business Monitor Report (July – September 2016) has just been released by InterTradeIreland. It paints a mixed economic picture that reflects a widespread nervousness and sense of uncertainty among the business community on the island. While 31% of businesses still say they are experiencing growth, this figure is at its lowest level for 36 months. On the other hand there has been a small increase in the numbers reporting that growth is declining, which points to more of a slowing of overall growth rather than any signs of contraction at this point. Sales figures also show a positive though declining balance.
Rising costs is the biggest issue now facing businesses pointing to the emergence of inflationary pressures. However exchange rates between sterling and the Euro are the biggest issue faced by those involved in cross-border trade and export activity, with 45% of business across the island of Ireland reporting it as a key issue.
InterTradeIreland will be holding breakfast briefings for SMEs where it will share advice and information to help them prepare for new trading relationships that emerge from Brexit negotiations. In addition, ITI will be launching Brexit Readiness vouchers, which will offer SMEs financial support towards professional advice in areas such as sales and marketing, tariffs, currency management, regulation, tendering, finance, taxation, and employment law.
For more information visit: http://www.intertradeireland.com/
